PROVIDENCE – In the Providence-Warwick-Fall River metroplitan area, home prices, including distressed sales, increased 8.1 percent year over year in February, according to a Tuesday CoreLogic report.
On a month-to-month basis, home prices, including distressed sales, increased 0.5 percent in February from January.
Rhode Island housing price index growth was even faster than the metro area in February at 9.6 percent year over year and 0.9 percent month to month. CoreLogic projected that the state HPI will grow at a 4.2 percent rate by February 2019. Home prices in the state were determined to be properly valued.
In Massachusetts, the HPI grew at 6.5 percent year over year.
Washington had the highest state HPI growth in the country at 12.5 percent. Delaware had the smallest year-over-year growth at 0.6 percent.
Chris Bergenheim is the PBN web editor.
