Price increase for condos and apartment rents outpace single-family homes

According to Trulia’s Price and Rent monitors, single-family home prices rose 6.0 percent year-over-year in September nationally, while condo prices rose 7.3 percent year-over-year.

October 9, 2014

The single-family home price year-over-year number is down from last year’s 10.4 percent increase from September 2012 to 2013. This year, asking prices rose year-over-year in 92 of the 100 largest U.S. metros. Although condo prices are outpacing single-family home prices, both are following a similar trend in which prices are rising faster in metros with stronger job growth and those that had a more severe housing bust in the past decade.

 

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