Released February 16, the FNC Residential Price Index reported that home prices in December posted a modest monthly increase at the close of the year.

Nationwide, home prices in December 2015 represented a 0.4 percent uptick from the seasonally adjusted rate in November and a 6.2 percent increase on an annual basis.

unnamed (1)National home prices increased 6 percent annually in the fourth quarter of 2015.

“Riding on a robust pace of home sales and new housing starts, home prices in 2015 finished strong with year-over-year growth at a 15-month high since October 2014. If judging on a seasonal basis, December’s month-over-month increase outpaced the same period of the past three years,” said Yanling Mayer, FNC’s housing economist and director of research, in a statement.

 

unnamedSome surprising metros saw the highest month-over-month gains.

  • Baltimore, increase of 2.6 percent
  • St. Louis, increase of 2.6 percent
  • Las Vegas, increase of 2.1 percent
  • Portland, increase of 2 percent
  • Houston, increase of 1.7 percent

In December 2015, some cities posted year-over-year gains in the double digits:

  • Portland, increase of 14.2 percent
  • Denver, increase of 13 percent
  • San Francisco, increase of 12.6 percent
  • Las Vegas, increase of 11.9 percent
  • Miami, increase of 11.5 percent
  • Sacramento, increase of 11.5 percent
  • Phoenix, increase of 11.2 percent
  • Cincinnati, increase of 10.1 percent

In Houston, home prices increased 1.7 percent on a monthly basis in December 2015. Annually, Houston prices rose 4.2 percent. 

Houston ranked among the worst performing metros on an annual basis but came in no. 5 for monthly increases.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×