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Thursday, February 06, 2014

Trulia: Asking House Prices up 11.4% year-over-year in January

by Calculated Risk on 2/06/2014 11:24:00 AM

From Trulia chief economist Jed Kolko: 5 Truths of Tech-Hub Housing Costs

In January, asking home prices rose 1.1% month-over-month, the largest monthly gain since June 2013. But the quarter-over-quarter price increase of 2.1% remains below spring 2013 levels, when asking prices accelerated at their fastest rate in the recovery. Year-over-year, asking prices are up 11.4% nationally and are positive in 97 of the 100 largest metros.
emphasis added
It appears the year-over-year asking price gains are slowing, but asking prices are still increasing. In November, asking prices were up 12.2% year-over-year. In December, the year-over-year increase in asking home prices slowed slightly to 11.9%. And in January, the year-over-year increase was 11.4%.

Note: These asking prices are SA (Seasonally Adjusted) - and adjusted for the mix of homes - and this suggests further house price increases, but at a slower rate, over the next few months on a seasonally adjusted basis.