Prices of homes in the U.S. are continuing the steady monthly rise that has been the uninterrupted pattern for over 11 years, but the annual rate of growth slowed to 3.1% in March 2023 compared to March 2022 – the lowest since spring 2012.
March home prices reflected a 1.6% increase from February 2023 – a level which CoreLogic chief economist Selma Hepp said was twice the average seen between 2015 and 2020.
One segment of the market that appears to be seeing even faster appreciation is attached homes. The report found that the 4.6% annual appreciation of attached properties was 2.1 percentage points higher than the 2.5% increase for detached properties.
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