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Metro Atlanta home prices improve in September

12:03 PM, Nov 6, 2012   |    comments
(File photo by Tim Boyle/Getty Images)
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ATLANTA -- Finally, some good news about the local housing market.

Metro Atlanta's home prices were on the rise in September, according to CoreLogic. Area prices increased 2.2 percent year-over-year and inched up 0.6 percent from August to September.

Georgia's home prices went up 2.2 percent year-over-year.

The five states with the highest home price appreciation were Arizona (+18.7 percent), Idaho (+13.1 percent), Nevada (+11.0 percent), Hawaii (+8.9 percent) and Utah (+8.7 percent).

The five states with the greatest home price depreciation were Rhode Island (-3.5 percent), Illinois (-2.3 percent), New Jersey (-1.8 percent), Alabama (-1.3 percent) and Delaware (-0.5 percent).

"Home prices are responding to better market fundamentals, such as reduced inventories and improved buyer demand," said Anand Nallathambi, president and CEO of CoreLogic, in a statement. "So far this year, we're seeing clear signs of stabilization and improvement that show promise for a gradual recovery in the residential housing market."

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