Home prices rose 1% in June from May AND 4.2% year over year, according to Standard & Poor’s / Case Shiller 20 city – home price index report released August 31st.
17 cities in all showed monthly gains; NYC was up 1.3% May to June.
The second quarter of 2010 showed nationally, home prices rose 4.4% – a welcomed shift for the housing market.
Here on Long Island, MLSLI has reported that in Nassau County the July median home sale price rose 6.1% to $435,000 from July 2009.