Case-Shiller Home Price Index – Up again in September 2009

(See recent posts on Phoenix Case-Shiller Home Price Index.)

… but increasing at a decreasing rate

Phoenix Homes Appreciation Slows in September

Greater Phoenix home prices appreciated 0.8% between August and September compared to appreciation of 1.6%, 1.8% and 1.1% in the previous 3 months, according to my analysis of Case-Shiller data.

Well, 0.8% appreciation in one month is still very large but we’re obviously seeing the tailing off of the appreciation surge. We’ve now seen 5.3% appreciation in 4 months, that’s a normal year’s worth of appreciation in only 4 months. Will we ever have a “normal” market again!

Video Comments

November 25, 2009 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

Visit Authors Website →