National Year-over-Year (YoY) HPA in April was 6.0% and is projected to remain around 6% in May and June 2024.
Despite subdued purchase activity and relatively high rates, y-o-y HPA remains strong, largely due to buyers being well-qualified and continued competition due to a strong sellers’ market.
- Despite subdued purchase activity and relatively high rates, y-o-y HPA remains strong, largely due to buyers being well-qualified and continued competition due to a strong sellers’ market.
- HPA is projected to remain around 6% in May and June 2024.
- In April 2024, YoY HPA ranged from 8.5% in the Northeast to 5.0% in the South (see #2 in graphic).
- This trend continued in April, with YoY HPA up 8.0% and 5.3% for the low price tier and high price tier, respectively.