The national average was +1.37% so Phoenix home prices increased at a much higher rate than the national average, but fell to 3rd from 1st place compared with last month, displaced by New York and San Diego.
All cities saw accelerating prices, marking a strengthening of the housing market across the entire nation.
The year over year comparisons are below:
- Phoenix 12.7%
- San Diego 11.6%
- Cleveland 9.5%
- Boston 9.4%
- Portland 8.9%
- Tampa 8.6%
- Charlotte 8.6%
- Los Angeles 8.4%
- Washington 8.2%
- Minneapolis 7.8%
- San Francisco 7.7%
- Denver 7.0%
- Miami 6.8%
- Atlanta 6.8%
- Dallas 6.5%
- Las Vegas 6.4%
- Chicago 6.3%
- New York 6.0%
The national index increased by 8.4% over the 12 months.