S&P/Case-Shiller home price figures for November 2020 were released on Tuesday, and below are the details. Month-over-month, every single city saw home-price gains, with New York and Boston gaining the most. Chicago and Cleveland saw the smallest MoM gains. On a year-over-year basis, every city is up at least 7%, with Phoenix, San Diego, and Seattle prices up the most. Click here to view Bespoke’s premium membership options for our best research available.
Below is an updated look at where home prices stand relative to their mid-2000s housing bubble peaks. Three cities saw home prices break above their prior highs in November — Tampa, DC, and New York. There are now only four cities that remain in the red versus their housing-bubble highs — Phoenix, Miami, Chicago, and Las Vegas.
Below are historical home price charts for the various cities and composite indices tracked by S&P/Case-Shiller. Cities in green are at new all-time highs. Yes, there’s now a lot of green!