Jackson area housing prices up nearly 4 percent

In Jackson, home prices, including distressed sales, increased by 3.8 percent in February 2013 compared to February 2012. On a month-over-month basis, home prices, including distressed sales, decreased by 1.2 percent in February 2013 compared to January 2013.

Excluding distressed sales, year-over-year prices increased by 6.2 percent in February 2013 compared to February 2012. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices decreased by 1.3 percent in February 2013 compared to January 2013.

 

Highlights as of February 2013:

» Including distressed sales, the five states with the highest home price appreciation were: Nevada (+19.3 percent), Arizona (+18.6 percent), California (+15.3 percent), Hawaii (+14.6 percent) and Idaho (+13.5 percent).

» Including distressed sales, this month only three states posted home price depreciation: Delaware (-4.4 percent), Alabama (-1.5 percent) and Illinois (-1.0 percent).

» Excluding distressed sales, the five states with the highest home price appreciation were: Nevada (+18.3 percent), Arizona (+16.4 percent), Hawaii (+15.5 percent), California (+15.3 percent) and Idaho (+15.3 percent).

» Excluding distressed sales, only one state, Delaware (-1.9 percent) posted home price depreciation in February.

» Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to February 2013) was -26.3 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -19.3 percent.

The five states with the largest peak-to-current declines, including distressed transactions, were Nevada (-50.8 percent), Florida (-43.3 percent), Michigan (-39.0 percent), Arizona (-38.5 percent) and Rhode Island (-36.4 percent).

Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 96 were showing year-over-year increases in February, up from 94 in January.

*January data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.

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