Home prices increased in December in Raleigh and in the Durham-Chapel Hill market compared with the same period last year, according to a new report from data analysis provider CoreLogic.
Home prices, including distressed sales, increased 5 percent in the Raleigh market and 3.7 percent in the Durham-Chapel Hill area.
Prices increased 6.3 percent nationwide in December, and CoreLogic forecasts that they will rise 5.4 percent over the next 12 months. CoreLogic uses a repeat-sales index that tracks increases and decreases in prices for the same homes over time.
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, the sales price of a home and other factors.
But most measurements do show that home prices have been rising in the Triangle.
The average price of the homes that sold last year in Durham, Johnston, Orange and Wake counties was $268,500, up 5 percent, Triangle Multiple Listing Services data show.