Home prices edge up slightly in Manchester-Nashua

0.3 percent increase reported in September, including distressed sales

Home prices in the Manchester-Nashua region rose by a slim 0.3 percent between September 2013 and September 2014, and they stayed the same from August 2014, according to data from financial data firm CoreLogic.

The figures include distressed sales. Excluding those sales, year-over-year prices increased by 2.4 percent in September 2014 compared to September 2013. On a month-over-month basis, excluding distressed sales, CoreLogic said prices increased by 0.1 percent in September 2014 from August.

Meanwhile, the company reported that home prices nationwide rose by 5.6 percent from September 2013 to September 2014 – the 31st consecutive month of year-over-year increases in U.S. home prices. But on a month-over-month basis, home prices nationwide, including distressed sales, dropped by 0.1 percent in September 2014 compared to August 2014.

Excluding distressed sales, home prices nationally increased 5.2 percent in September 2014 compared to September 2013 and 0.1 percent month over month compared to August 2014.

"Home prices continue to rise compared with this time last year but the rate of growth is clearly slowing as we exit 2014," said Anand Nallathambi, president and CEO of CoreLogic. "With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015."

Categories: Real Estate & Construction