House Price Index Up 0.9 Percent in February; Up 12.2 Percent from Last Year

 

4/27/2021

​​Washington, D.C. – House prices rose nationwide in February, up 0.9 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®).  House prices rose 12.2 percent from February 2020 to February 2021. The previously reported 1.0 percent price change for January 2021 remained unchanged.

For the nine census divisions, seasonally adjusted monthly house price changes from January 2021 to February 2021 ranged from +0.3 percent in the Middle Atlantic division to +1.6 percent in the Mountain division.  The 12-month changes ranged from +10.5 percent in the West North Central division to +15.4 percent in the Mountain division.

"Annual house price growth acheived a new record high in February" said Dr. Lynn Fisher, FHFA's Deputy Director of the Division of Research and Statistics. "The 12.2 percent gain represents an increase of $35,000 for a median-priced home that sold a year ago at $290,000 in the Enterprises' data."

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