Report: MD Home Prices Rising, But More Slowly Than Nation's
Earlier this week, NPR and others reported on CoreLogic’s data release showing an overall 12.1 percent increase in home prices nationally from April 2012 to April 2013. When Core removed distressed property sales—sales of houses that were taken back by the banks or sold in a short sale—from the calculation, the year-over-year increase dropped slightly to 11.9 percent.
In the report, CoreLogic says that Maryland home prices increased by 4.1 percent during that period, which was 32nd in the nation. When you exclude distressed properties, Maryland’s year-over-year change is 7 percent, tied for 29th in the country.
Despite the recent increases, the state’s home prices still are down by 27 percent from their peak in July 2006. Here’s a graph that shows CoreLogic’s Home Price Index in Maryland’s Metropolitan Statistical Areas & Divisions:
CoreLogic is a data and analytics company that specializes in property and mortgage information, as well as other industries like financial services.