Home prices in Tacoma rose 9.5 percent in August compared to August of 2012, the California-based analytics firm CoreLogic reported Tuesday.
On a month-over-month basis, home prices rose 1.3 percent in August compared to July. The figures comprise all home sales, including those of distressed properties.
Excluding distressed sales, year-over-year prices increased by 13.1 percent in August in Tacoma.
Statewide, including distressed sales, home prices rose 12.5 percent year-over-year.
Nationwide, home prices increased 12.4 percent in August compared to the year before, a CoreLogic release said. Pending sales in September indicated a preliminary increase of 12.7 percent year-over-year.
The five states with the highest annual home price appreciation in August, including distressed sales, were Nevada, up 25.9 percent; California, up 23.1 percent; Arizona, up 16.4 percent; Wyoming, up 15 percent; and Georgia, up 14.8 percent.
With or without including data on distressed sales, no states posted home-price depreciation in August.
Still, current home prices have not risen to match prices recorded before the Great Recession began. CoreLogic reported Tuesday that the peak-to-current change in its national Home Price Index – from April 2006 to August 2013) was down 17.1 percent. This figure includes distressed sales.
The five states with the highest peak-to-current declines were Nevada, down 41.9 percent; Florida, down 37.2 percent; Arizona, down 32 percent; Rhode Island, down 29.1 percent; and Michigan, down 25.7 percent.