Homes.com has expanded its Local Market Index to include midsized markets.
The repeat sales index, launched in May with coverage of the top 100 markets, now covers three times that many, the company said.
The Homes.com Local Market Index showed price increases in 250 of the top 300 markets from May to June, down from 259 the previous month. Looking back a year, all midsized markets saw price increases.
A separate “Rebound Report” showed 41 of the top 100 U.S. markets had seen prices bounce back by 50 percent or more from peak-to-trough declines in June, up from 38 in May. Of those, 19 were “fully recovered” in June, up from 16 markets in May.
Six of the top 10 “rebound” markets were in Texas. The three newest markets to achieve a “full rebound” were Indianapolis-Carmel, Ind.; Raleigh-Cary, N.C.; and Syracuse, N.Y.
