How Did Prices Change Month-Over-Month?
On a month-over-month basis, the Composite-20 HPI declined by 0.3% in September before seasonal adjustments, mirroring the broader slowdown in housing demand. This decline follows a pattern seen in the national index (-0.1%) and the 10-City Composite (-0.4%).
After seasonal adjustments, however, the Composite-20 index edged up by 0.2% for the month, signaling that demand remains resilient in some regions. While monthly declines highlight immediate pressures, adjusted figures suggest the market is holding ground where inventory constraints persist.
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Regional Highlights and Drivers
Regional disparities remain stark within the Composite-20 cities. Robust annual growth in New York, Cleveland,…
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