In its latest Local Market Index for home pricing data, Homes.com reported that 96 out of 100 markets showed monthly improvement, a stark increase from the 75 out of 100 that saw gains in February.
However, on a year-over-year time period, 91 out of 100 markets reported a price increase in March, compared to 98 markets in February. According to Homes.com, the Northeast is largely to blame for this weakening.
Month-over-month and year-over-year, Honolulu, Hawaii, posted the largest increase, climbing 2.40 index points from February and 22.55 from last March.
On a regional scale, the distribution was fairly equitable, especially compared to last month when all of the top 10 increasing markets belonged to the Western region.