Home prices up in metro Boston: Case-Shiller reports
Aug 2011 30

The Greater Boston metropolitan area saw a 2.4 percent gain in home prices in June, according to the latest Standard & Poors / Case-Shiller real estate index. Only Chicago and Minneapolis saw larger gains.

Although Boston-area home prices are down compared to June 2010, off by 2.1 percent, Case-Shiller estimates that prices in Boston are up 54 percent since January 2000.

The National Home Price Index increased by 3.6% in the second quarter of 2011, after having fallen 4.1% in the first quarter of 2011. With the second quarter’s data, the National Index recovered from its first quarter low, but still posted an annual decline of 5.9% versus the second quarter of 2010.

Nationally, home prices are back to their early 2003 levels.

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