CoreLogic: Manchester-Nashua home prices rise 0.4%
Data firm says region lags behind national 10.5% annual increase
While year-over-year home prices nationwide increased by 10.5 percent in April, the trend was not the same in the Manchester-Nashua region, according to financial date firm CoreLogic.
The company said its Home Price Index rose for the 26th consecutive month nationwide. On a month-over-month basis, home prices nationwide increased 2.1 percent in April from March 2014.
But in Manchester-Nashua – the only region of New Hampshire where CoreLogic tracks home sales – prices increased by 0.4 percent in April 2014 compared to April 2013. On a month-over-month basis, home prices rose by 1.0 percent from March to April, the company reported.
In all cases, distressed sales are included in the data.
Excluding distressed sales, year-over-year prices in Manchester-Nashua declined by 1.2 percent in April compared to a year earlier. On a month-over-month basis, excluding distressed sales, CoreLogic said home prices in the area decreased by 0.7 percent in April from March.
Without distressed sales, home prices nationally increased 8.3 percent in April compared to a year earlier , 1.1 percent month over month compared to March.
In all, 95 of the top 100 areas measured by population showed year-over-year increases in April 2014. The five that didn’t were: Hartford-West Hartford-East Hartford, Conn.; Milwaukee-Waukesha-West Allis, Wis.; Little Rock-North Little Rock-Conway, Ark.; Worcester, Mass.-Conn.; and New Haven-Milford, Conn.