Case-Shiller Home Price Index values for January 2012 were released Tuesday by Standard & Poor’s. Charlotte, however, had no index value to report. According to Standard & Poor’s, due to delays in data reporting, the January 2012 index values for Charlotte are not included in this month’s release. For more information, see this article in the Charlotte Business Journal.
The new, seasonally adjusted data show mixed trends across the country. The Composite-10 and Composite-20 values saw marginal declines (0.1 percent and 0.04 percent, respectively). Nine of the nineteen cities reported on saw gains in home prices, the largest being Washington, D.C. which jumped 1.7 percent between December and January. The largest loss occurred in Atlanta, which dropped 1.1 percent. Only Phoenix, Denver and Detroit posted increases in home price since January 2011.
About the data: Case-Shiller Home Price Indices use repeat home sales to track the price path of single-family homes in 20 metropolitan areas and 10- and 20-city composites. The 20-city composite is a collective value for all 20 metropolitan areas, while the 10-city composite combines Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington. On this site, you will find only data for the metropolitan areas that are included as benchmark cities, which the institute has chosen for comparison purposes across multiple indicators. To see how Charlotte compares to all 20 metropolitan areas, go to www.standardandpoors.com.
These data are released on a two-month delay, resulting in a two-month lag between data collection and the report. Standard & Poor’s continually revises its Case-Shiller Home Price data after initial publication in order to take into account additional source data. The values presented on the Charlotte Regional Indicators site reflect those revisions.