Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier
On a year-over-year basis, prices rose 7.3%, also little changed from the prior month’s 7% annual increase.
- On a year-over-year basis, prices rose 7.3%, also little changed from the prior month’s 7% annual increase.
- This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes.
- The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.
- It’s similar to the S&P CoreLogic Case-Shiller Home Price Indices but publishes more than one month earlier.