New York Home Prices On Top

white and red wooden house miniature on brown table

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Updated home price data from S&P CoreLogic Case Shiller was published this morning through the month of November 2024.  Below is a summary table of key results across the 20 cities/regions tracked by Case Shiller.

Most cities saw home prices decline month-over-month from October to November, with San Francisco and Seattle down the most at roughly -0.75%.  Boston, Miami, and New York were the only cities that saw meaningful gains month-over-month.

Over the prior year, 19 of 20 cities were up, with Tampa the only city down at -0.37%.

New York ranks first when it comes to year-over-year price gains at +7.32%.

After a major jump in home prices in the immediate aftermath of the pandemic, we saw a small dip in 2022 and 2023 when risk assets sold off hard. Since early 2023 lows, New York is also the city that has seen home prices jump the most at +16.76%.

Additionally, New York is now the only city where home prices are currently at all-time highs.  On the flip side, San Francisco, Seattle, and Denver are all down more than 5% from all-time highs.


Below is a historical look at Case Shiller home prices for the 20 cities tracked along with the composite indices.  We've highlighted New York in green because it's the only city where prices are at all-time highs.







 


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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...

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