Wednesday, September 1, 2021 / by Juan Grimaldo
Phoenix metro again leads nation in home price growth. Yes, that trend could continue
Despite reports that the Phoenix metro’s housing market may be cooling, the Valley once again is leading the nation in home price growth.
Phoenix saw the highest year-over-year home price growth in June, at 29.3%, according to the latest S&P CoreLogic Case-Shiller Indices. That’s the 25th consecutive month Phoenix has led the nation in the report.
The Valley was followed by San Diego and Seattle, which respectively saw year-over-year increases of 27.1% and 25%. All 20 cities reported higher price increases in the year ending June 2021 versus the year ending May 2021.
“As has been the case for the last several months, prices were strongest in the Southwest (+22.7%) and West (+22.6%), but every region logged top-decile, double-digit gains,” the report stated.
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By Erin Edgemon and Greg Barr - Phoenix Business Journal