Case-Shiller Home Price Index values for March 2012 were released Tuesday by Standard & Poor’s, showing slight increases in home prices throughout most of the country. Charlotte area home prices continued to increase, rising 0.6 percent between February and March. Compared to February of last year, home prices in the region are up 0.5 percent.
Charlotte was one of fifteen cities with upward movement in home prices in March 2012. Among Charlotte’s benchmark cities represented in this dataset, Denver, Minneapolis, and San Francisco also saw improvement, while Atlanta worsened, and Portland saw no change.
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.