2013 was a strong year for home prices in most communities across the nation. The year-over-year home price index in the U.S. increased 11.8 percent in November 2013 compared with November 2012, according to real estate analytics company CoreLogic. Only Arkansas, where home prices dropped by 1.1 percent in that time, saw a decline.
Idaho home prices increased 12.6 percent from November 2012 to November 2013, the seventh largest gain of any state. Nevada led all states at 25.3 percent.
Another indicator suggests Idaho has left the housing bubble behind. The increase in home prices including distressed properties — short sales and foreclosures — was only 0.2 percent less than the price index excluding distressed properties.
For a pdf of a chart analyzing home prices and sales in Ada and Canyon counties, click here.