Home prices increased in December 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 3.9 percent in the Raleigh market. In the Durham-Chapel Hill area, prices declined 1.7 percent. The Durham-Chapel Hill market has seen prices fall for six straight months.
Prices increased 5 percent nationwide in December, the 34th 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.
According to Triangle Multiple Listing Services, the average sales price of the homes that sold last year was $255,900, a 4 percent increase over sales in 2013.