According to Redfin’s Home Price Index, on a seasonally adjusted basis, U.S. home prices increased 0.25% month over month in September. Although home sale prices rose slightly from 0.21% the previous month, home sale growth is in line with the modest gains seen in the U.S. housing market.
According to the report, home prices rose in 34 of the 50 most populous U.S. metros month over month in September, with home prices rising most in Pennsylvania. In Philadelphia, home prices rose 1.9% month over month on a seasonally adjusted basis.
Home prices fell in 16 of the 50 most populous U.S. metros, with the biggest price declines happening in Fort Worth, Texas.
