NORFOLK, Va. — has released its October 2013 Local Market Index, a price performance summary of repeat sales of U.S. properties. Utilizing home pricing data, the index shows year-over-year gains for single-family properties in all 300 top U.S. markets.

“It is encouraging to see both large and small markets experiencing continued improvements as the housing market maintains steady stabilization. Moving into 2014, sustained recovery will push the market forward with markets in the West and heartland area leading the pack,” said Brock MacLean, executive vice president of “These price gains are restoring millions of homeowners to positive equity and are reviving local real estate markets across the country.”

The latest Local Market Index reports the following:

• Year-over-year increases in all top 300 markets.

• Monthly increases in 88 of the top 100 markets and in 165 of the 200 midsized markets.

• Honolulu, Hawaii, remains the top gaining market on a year-over-year basis, with a 29.69 index point or 13.43 percent increase.

• California markets [Los Angeles-Long Beach-Santa Ana, Calif.; San Diego-Carlsbad-San Marcos, Calif., San Francisco-Oakland-Fremont, Calif.; Bakersfield-Delano, Calif.] are the remaining four in the top five. Year over year, they increased 28.18, 27.05, 26.66, and 22.05 index points, respectively.

• Of the top 10 monthly gaining markets from the top 100, five are in the West.

Publication date: 1/6/2014

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!