U.S. Home Prices Rose by 6.1 Percent Year-Over-Year in October

Excluding distressed sales, Florida remains 27.9% below peak housing prices seen in December 2006. Only Nevada fared worse, remaining 36.3% below peak. Sixteen states have recovered 100%.

Palm Coast, FL – December 2, 2014 – CoreLogic released today its September Home Price Index (HPI) Report. The report examines the housing market within each state. U.S. prices rose 5.6% in October, year-over-year, the same increase seen in the September Y-O-Y price increase.

Excluding distressed sales, Florida remains 27.9% below peak housing prices seen in May 2006. Only Nevada fared worse, remaining 36.3% below peak. Flagler County’s November performance numbers as reported through MLS have not been finalized, but available November data shows that non-distressed home prices rose 7.8% Y-O-Y. The median selling price for non-distressed Flagler single-family homes was $180,000, or 30.8% off Flagler’s peak prices reached in December 2005.

As a whole, U.S. home prices for non-distressed homes remains 8.9% below peak. Sixteen states have recovered 100%.