The Pacific Northwest’s housing market is cooking as Seattle had the largest increase in home values for the month of April and Portland led the way in year-over-year change
In April, U.S. home prices rose by 1.1 percent nationally. While this number shows fairly steady growth across the country, the city-by-city numbers continue to show a wide range of hot and cool markets.
While prices rose 5.4 percent from one year ago, some of the usual suspects on the hottest markets list continue to see double digit or near double digit increases, MarketWatch reports. Portland, for example, saw the largest 12-month change of 12.3 percent. Seattle and Denver were not far off that pace with changes of 10.7 percent and 9.5 percent respectively. Dallas (8.6 percent), San Francisco (7.8 percent), and Tampa (7.8 percent) also experienced large year-over-year increases.
For the month of April, Seattle had the largest increase of 2.1 percent. Chicago (2.0 percent), Minneapolis (1.9 percent), and Washington (1.8 percent) were some of the other top gainers. Las Vegas and San Diego experienced smaller gains in April of 0.6 percent and 0.8 percent.
Overall, no city had a monthly decline and before seasonal adjustments, only six had stronger monthly increases in April than in March. Additionally, seven cities hit new highs.
For the full list of monthly and yearly price changes for the S&P/Case-Shiller 20-City Index, follow the link below.