San Francisco Metro Area Posts Big Home Price Increases for Ninth Straight Month

Home Price Increase

The most recent S&P/Case-Shiller report shows that San Francisco year-over-year home prices rose 23 percent in November, the ninth consecutive month of 20-plus percent increases. We took things a step further and compared how yearly price gains stacked up across our individual Bay Area regions.

From November 2012 to November 2013, homes prices in the San Francisco region jumped 23.2 percent. Year-over-year price gains hit their 2013 peaks in September, at 25.7 percent, before declining slightly in each of the two following months.

Across Case-Shiller’s 20-city composite in the U.S., 2013 marked the strongest November in eight years, David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said in a statement. The composite increased 13.7 percent from November 2012.

Get the full story at https://compasscaliforniablog.com/san-francisco-metro-area-home-price-increases-ninth-straight-month