The S&P|Case-Shiller Home Price Indices with data through April 2012 were released this morning. They track home prices in 20 US metropolitan markets, from Miami to Seattle. We monitor these numbers because they’re an indicator of the available housing stock and consumer confidence.
The data show an increase in all 20 of the 20 metropolitan markets tracked with Atlanta showing the largest single home price increase over the past month at 4%. This still leaves Atlanta down 14.5% over the past year though it’s a significant improvement over the numbers from April 2012. The smallest monthly increase was posted by Detroit with a gain of 0.4% though that puts Detroit back into positive territory with a gain of 0.6% over the past year.
The only other southeastern markets included in the 20 tracked are Charlotte and Miami. Charlotte is up 1% and Miami is up 1.4% over the last month. Both markets have posted gains over the last year with Charlotte at 0.9% and Miami at 3.4%.
You can find the full list of the twenty metropolitan markets and their numbers on the third page of the press release: http://rta.bz/Mjbj31 [standardandpoors.com]
Photo by Diana Parkhouse used under creative commons license.