Year-over-year property appreciation rates by state

July 13,2018 | By James Taylor


Year-over-year property appreciation rates by state

The map illustrates the top states for property appreciation rates year over year. Property appreciation is calculated based on repeat sales of the same properties, which can avoid the problem of trying to account for price differences in homes with varying characteristics. Increasing home prices usually indicate rising demand, while decreasing prices reflect falling demand.

All states saw property appreciation versus one year ago, with Washington, Idaho, Nevada, Utah, and Rhode Island leading as the top five. Washington had the highest year-over-year property appreciation rate at 12.77% in April 2018.

Overall, property appreciation rates were higher in the western half of the United States. The national average property appreciation rate was 5.63%, with 28 states falling below the average.


Bank of America WeeklyWrap is a trademark of Bank of America Corporation
Source data: CoreLogic®, a property data and analytics company
Data date: 05/25/2018

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Manhattan, Brooklyn and Queens real estate at a glance 
for the quarter ended March 31, 2018 :

(Source: StreetEasy, Bloomberg reporting)

$39M                                            $650,000.                                       +8.3%

Highest priced sale.                   Median home price                    Change in price from last year