The local take on today's Case-Shiller home price index
- Blog Post by: Jim Buchta
- October 29, 2013 - 9:34 AM
House prices in the Twin Cities metro area rose in synch with the national average during August, but the housing recovery in the Twin Cities appears to have been more consistent that in most major metros of the country, according to the latest S&P Case-Shiller Home Price Index.
From July to August the index, which tracks repeat sales of the same property, rose 1.8 percent to 137.34 - that was a 10.2-percent increase from the same time last year. By comparison, the 20-city composite increased 1.3 percent to 164.53, a 12.8 percent annual increase.
All 20 cities tracked by the index showed an annual increase in prices, but there were signs that prices gains are showing signs of moderation in some of the most active markets. Still, 13 regions showed double-digit annual gains with Las Vegas and California posting the biggest gains - both more 20 percent.
The Twin Cities and Miami have recorded 19 consecutive months of year-over-year increases, by that measure outperforming much of the nation.
Here's a link to an interactive chart showing all of the local data.
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