Home prices increased in October in Raleigh and fell in the Durham-Chapel Hill area compared with the same period last year, according to a new report from data analysis provider CoreLogic.
Home prices, including distressed sales, increased 4 percent in the Raleigh market. In the Durham-Chapel Hill area, prices decline 0.9 percent. The Durham-Chapel Hill market has seen prices fall for four straight months.
Prices increased 6.1 percent nationwide in October, the 32nd consecutive month that home prices have risen, according to CoreLogic. CoreLogic uses a repeat-sales index that tracks increases and decreases in prices for the same homes over time.
Triangle homeowners shouldn't assume that their homes have appreciated or declined by the levels being reported by CoreLogic or other data providers. Price fluctuations vary depending on location, price point and other factors.