August Property Prices See Fastest Annual Growth Rate in a Year

Nationwide residential property values rose 0.25% month-to-month in August, slightly down from previous months, with a 3.7% year-over-year increase—the highest in a year. About half of the 50 largest metro areas saw price gains, led by St. Louis (1.1%) and San Francisco (12% annual growth). Price declines occurred mainly in Texas markets and Seattle, reflecting strong buyer markets with high inventory.