Housing Trends – Q1 2023
Amherst is proud to partner with Institutional Real Estate, Inc. to bring you “Housing Trends,” a quarterly review of the latest insights from the Amherst Home Price Appreciation Index.
The Amherst Home Price Index (HPI) shows that in the first quarter 2023 prices have started to creep upwards after two consecutive quarters of moderate decline. First quarter 2023 prices rose 2.4 percent year-over-year, and seasonally adjusted HPI gained 0.4 percent quarter-over-quarter. This small yet tangible price growth erased some of the brief price dip experienced in the second half of 2022. Consequently, the seasonally adjusted first quarter 2023 HPI is only 1.2 percent lower than peak second quarter 2022 prices.
