According to the National Association of Realtors Economists’ Outlook blog, when it comes to regional home prices, the West is leading the charge with the most robust home price gains from a year ago at the end of December.
The Pacific division (Hawaii, Alaska, Washington, Oregon, and California) and the Mountain division (Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, and New Mexico) saw the biggest year over year changes with 7.7 percent and 7.0 percent respectively. The Northeast division saw the smallest gains as prices only rose 4.1 percent in New England and 2.6 percent in the Middle Atlantic states.
The west was strong on a state-by-state basis, as well. Nevada, Colorado, Idaho, Washington, and Oregon all experienced double-digit rates of price increase in the fourth quarter of 2015.
For cities, Portland (11.4 percent), San Francisco (10.3 percent), and Denver (10.2 percent) had the largest year over year gains. Cleveland (2.8 percent), Chicago (2.4 percent) and Washington, D.C. (1.7 percent) saw the smallest gains.
For the full report and a graphic of each individual state’s growth, follow the link below.
PB Topical Ref
