Home prices rose 2.2% in May; Phoenix sees best return

Source: S&P Dow Jones Indices
Created:

Home prices rise 2.2% month-over-month in May 2012


The table below summarizes the results for May 2012. The S&P/Case-Shiller Home Price Indices are revised for the 24 prior months, based on the receipt of additional source data. More than 25 years of history for these data series is available, and can be accessed in full by going to www.homeprice.standardandpoors.com.

         
 

May 2012

May/April

April/March

  

Metropolitan Area

Level

Change (%)

Change (%)

1-Year Change (%)

Atlanta

87.85

4.0%

2.3%

-14.5%

Boston

150.67

2.4%

0.9%

-0.1%

Charlotte

112.84

1.0%

2.1%

0.9%

Chicago

108.62

4.5%

1.2%

-3.0%

Cleveland

99.17

2.4%

2.3%

-0.1%

Dallas

118.60

1.9%

1.7%

3.8%

Denver

128.48

2.1%

1.7%

3.7%

Detroit

66.10

0.4%

-3.2%

0.6%

Las Vegas

92.55

1.9%

1.1%

-3.2%

Los Angeles

165.76

2.2%

1.5%

-2.0%

Miami

143.35

1.4%

0.4%

3.4%

Minneapolis

113.47

3.1%

0.6%

4.7%

New York

160.40

1.4%

0.2%

-2.8%

Phoenix

111.92

2.7%

2.5%

11.5%

Portland

135.09

2.6%

2.0%

0.4%

San Diego

153.06

0.9%

1.4%

-1.1%

San Francisco

135.28

3.9%

3.4%

0.6%

Seattle

137.37

2.6%

2.0%

0.6%

Tampa

130.26

2.0%

2.0%

2.5%

Washington

185.55

2.5%

2.7%

2.8%

Composite-10

151.79

2.2%

1.3%

-1.0%

Composite-20

138.96

2.2%

1.3%

-0.7%

Source: S&P Dow Jones Indices and Fiserv

        

Data through May 2012

        
         

Since its launch in early 2006, the S&P/Case-Shiller Home Price Indices have published, and the markets have followed and reported on, the non-seasonally adjusted data set used in the headline indices. For analytical purposes, S&P Dow Jones Indices publishes a seasonally adjusted data set covered in the headline indices, as well as for the 17 of 20 markets with tiered price indices and the five condo markets that are tracked.

A summary of the monthly changes using the seasonally adjusted (SA) and non-seasonally adjusted (NSA) data can be found in the table below.

                       
 

May/April Change (%)

April/March Change (%)

              

Metropolitan Area

NSA

SA

NSA

SA

              

Atlanta

4.0%

2.0%

2.3%

1.0%

              

Boston

2.4%

0.7%

0.9%

0.0%

              

Charlotte

1.0%

-0.1%

2.1%

1.3%

              

Chicago

4.5%

2.3%

1.2%

0.1%

              

Cleveland

2.4%

0.7%

2.3%

0.6%

              

Dallas

1.9%

0.5%

1.7%

0.5%

              

Denver

2.1%

0.8%

1.7%

0.5%

              

Detroit

0.4%

-0.1%

-3.2%

-2.0%

              

Las Vegas

1.9%

1.9%

1.1%

1.0%

              

Los Angeles

2.2%

1.1%

1.5%

1.2%

              

Miami

1.4%

0.7%

0.4%

1.1%

              

Minneapolis

3.1%

0.7%

0.6%

1.3%

              

New York

1.4%

0.6%

0.2%

0.3%

              

Phoenix

2.7%

1.8%

2.5%

2.3%

              

Portland

2.6%

0.9%

2.0%

1.2%

              

San Diego

0.9%

0.3%

1.4%

0.6%

              

San Francisco

3.9%

1.7%

3.4%

1.6%

              

Seattle

2.6%

1.2%

2.0%

0.6%

              

Tampa

2.0%

1.0%

2.0%

1.5%

              

Washington

2.5%

1.4%

2.7%

1.4%

              

Composite-10

2.2%

0.9%

1.3%

0.7%

              

Composite-20

2.2%

0.9%

1.3%

0.7%

              

Source: S&P Dow Jones Indices and Fiserv

                  

Data through May 2012

                      

About S&P Dow Jones Indices

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