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Zillow: Boston and U.S. home prices rose in November

Boston Metro Zillow Home Value Index

Zillow is reporting encouraging news about Boston-area and national housing prices in November.

According to Zillow, the Boston Metro area saw a 0.6 percent month-to-month rise in home prices last month, to $316,00, and a 4 percent year-over year increase.

The cities of Boston and Cambridge both saw bumps in prices, as did the vast majority of other cities and towns across the region. There were some surprising year-over-year declines in places you wouldn’t necessarily expect, such as Acton, Milton, Salem and Stow. Otherwise, it’s an impressive showing by Massachusetts.

The U.S. saw a 0.6 percent month-over-month increase in home prices, to $156,200, and a 5.2 percent jump year-over-year.

P.S. – Things aren’t going that well in Milton, but Gov. Deval Patrick is obviously hoping that changes soon. He’s put his Milton mansion on the market again, after failing to sell it in 2009 and 2010.

One Response to Zillow: Boston and U.S. home prices rose in November

  • In November and December, home sales are also looking good in Los Angeles County, especially in the West Hollywood area.