Contrary to national trends, Greater Boston Area home prices increased for the second-consecutive month in February, rising 4.6 percent on a year-over-year basis, according to a pricing analysis report by CoreLogic, the Boston Business Journal reported April 7, 2011.
February’s price increase, which included distressed home sales in the Boston-Quincy metropolitan area, followed January’s price increase of 5.54 percent compared to January 2010. Excluding distressed sales, which include short sales and real estate owned (bank owned) transactions, Greater Boston Area home prices rose 3.11 percent in February and 2.95 percent in January.
Nationally, home prices declined 6.7 percent in February. Excluding distressed sales, prices dropped 0.1 percent.
CoreLogic is a real estate research and services firm based in California.