San Francisco Area Home Price Growth Nearly Twice National Rate

Annual Home Price Growth

Annual home price growth in the San Francisco metro area has tapered off significantly since last spring, says the most recent data from a prominent real estate index, but properties are still appreciating at about twice the national rate. And MLS statistics for individual Bay Area regions also show solid year-over-year price gains.

The gain placed the San Francisco metro area No. 2 in the U.S. for the highest rate of annual appreciation in October, slightly trailing the Miami region. The index puts price growth from October 2013 to October 2014 at 4.5 percent for its 20-city composite and 4.6 percent nationwide.

Up in September

San Francisco was one of eight markets on the 20-city composite where prices were up from September. With a month-over-month gain of 0.8 percent, San Francisco tied the Tampa region for the largest increase in the nation. Meanwhile the 20-city composite and national index had respective price decreases of 0.1 percent and 0.2 percent.

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