Home prices nationwide continued to climb higher in February compared to 12 months ago, according to the S&P CoreLogic Case-Shiller Indices released Tuesday.
The national home price index showed a 19.8% annual gain in February.
Within the 20-City Composite Home Price Index, Phoenix (32.9%), Tampa (32.6%) and Miami (29.7%) showed the biggest annual percentage growth.
Chicago was 17th on the list at 13.1% pricing growth.
“The S&P CoreLogic Case-Shiller Index pushed up to a 19.8% increase in February, the second consecutive month of accelerated growth after a winter lull, and another month of the strongest annual increase since the beginning of the data series,” said CoreLogic Deputy Chief Economist Selma Happ. “Price growth was robust across the country with all 20 metro areas experiencing stronger annual gains than in January. The largest increases in annual gains were in the West Coast markets: Los Angeles, Seattle, San Diego and San Francisco, and also in high tier price segments.”
The communities in the 20-city index, ranked by annual pricing percentage growth:
Phoenix — 32.9%
Tampa — 32.6%
Miami — 29.7%
San Diego — 29.1%
Dallas — 28.8%
Las Vegas — 27.5%
Seattle — 26.6%
Charlotte — 25.5%
Atlanta — 24%
San Francisco — 22.9%
Denver — 22.3%
Los Angeles — 22.1%
Portland — 19%
Boston — 14.6%
Detroit — 14.6%
Cleveland — 13.6%
Chicago — 13.1%
New York — 12.9%
Minneapolis — 12%
Washington — 11.9%