Home prices in the Triangle continued to rise in July, according to a new report from real estate provider CoreLogic.
Home prices, including distressed sales, increased 5.8 percent in the Raleigh-Cary market in July compared with the same period a year ago, according to CoreLogic. Prices in the Durham-Chapel Hill market increased 4.8 percent over that same period.
The Triangle price increases continue to be smaller than those being reported nationwide. Prices increased 12.4 percent nationwide in July, the 17th consecutive month that nationwide home prices have risen.
Excluding distressed sales, prices increased 6.2 percent in Raleigh-Cary and 5 percent in Durham-Chapel Hill.
CoreLogic uses a repeat-sales index that tracks increases and decreases in prices for the same homes over time, which it claims provides a more accurate view of pricing trends.
But Triangle homeowners shouldn't assume that their homes have appreciated by the levels being reported by CoreLogic and other data providers.
Price fluctuations vary depending on both location and price point, with lower-price homes in attractive neighborhoods benefiting the most.