Case-Shiller: House price gains in the Twin Cities outpaced the nation

The very latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 5.8 percent annual gain in March, up from 5.7 percent last month and set a 33-month high. The 10-city composite and the 20-city composites showed a 5.2 and 5.9 percent annual increases, respectively, unchanged from last month. Seattle led the way with a 12.3 percent year-over-year price increase, followed by Portland with 9.2 percent, and Dallas with an 8.6 percent increase. Ten cities reported higher price increases in the year ending March 2017 than in the year ending February 2017.

Price gains in the Twin Cities metro during the month were unusually strong and outpaced the nation. The home price index during March for the Twin Cities metro was 156.64, a 6.8-percent increase year over year and a full percentage point higher than the national average. From February to March, the Twin Cities index increased 1.4 percent, nearly twice the national average. Those gains mirror a report issued last month by the Minneapolis Area Association of Realtors, which tracks the median price of all sales that were listed and sold through the Regional Multiple Listing Services. During March, the median price of sales in the 13-county metro was $237,500, a 7-percent increase and the highest median price for any March in at least a dozen years