Minneapolis housing prices grow slower than the national average

by Sadman Rahman

The latest S&P/Case-Shiller Home Price Index reports Minneapolis home prices are still increasing, but slower than the national average, according to the Minneapolis/St. Paul Business Journal.

While the national average for year-over-year home prices grew 4.2 percent, Minneapolis had a growth of 3.2 percent, the Journal reports.

Denver and San Francisco had the highest year-over-year price increase at 10.3 percent and 10.0 percent respectively, according to a release Tuesday.

“Home prices continue to rise across the country, but the pace is not accelerating,” David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices said in the release.

Between late 2013 and early 2014, annual price increases were in double digits, but they have been slowing down in the past year or so, reports Forbes.

Forbes also reported that S&P/Case-Shiller will now be releasing its National Home Price Index on a monthly basis, as opposed to quarterly, which had been the case.