(See recent posts on Phoenix Case-Shiller Home Price Index.)

… stronger appreciation in October than September!

Phoenix Homes Appreciation Increases in October

Greater Phoenix home prices appreciated 1.3% between September and October compared to appreciation of 0.8%, 1.6%, 1.8% and 1.1% in the previous 4 months, according to my analysis of Case-Shiller data.

Well, 1.3% appreciation in one month is very large and we’ve now seen 6.6% appreciation in 5 months, that’s a good year’s worth of appreciation in only 5 months.

The Case-Shiller Home Price Index for Phoenix is where it was in September 2001.