Home Prices Hit Record Highs In Major US Cities

A "For Sale" sign is posted outside a single family home, Tuesday, Feb. 7, 2023, in Derry, N.H. On Tuesday, the National Association of Realtors reports on sales of existing homes in January. (AP Photo/Charles Krupa)
  • Home prices in the 20 largest U.S. metropolitan areas have experienced a seventh consecutive monthly increase, reaching a record high, indicative of an enduring shortage of available properties.
  • According to the S&P CoreLogic Case-Shiller 20-city house price index, there was an unadjusted 0.2% rise in September compared to the previous month. This surge propelled the index to its highest level since its inception in the late 1980s.
  • Over the past 12 months concluding in September, home prices in these major U.S. metro markets escalated by 3.9%. This marks a notable increase from the 2.5% rise reported in the August analysis of year-over-year home prices.