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Report: Home prices up across the region in February

Home prices in Central Pennsylvania increased in February compared with the same month a year ago, according to California-based data firm CoreLogic Inc.

The largest growth rate was in York-Hanover, where prices, including distressed sales, increased by 3.2 percent.

That trailed the national growth rate of 5.6 percent, according to CoreLogic.

On a month-over-month basis, home prices in York-Hanover decreased 1.3 percent from January.

Excluding distressed sales, which would include short sales and bank-owned transactions, year-over-year home prices in York-Hanover increased by 7.2 percent in February, according to CoreLogic.

That was better than the national rate of 5.8 percent.

By comparison, Lancaster County home prices, including distressed sales, increased by 2.7 percent in February compared with February 2014. For the month, prices inched up 0.7 percent compared to January.

Excluding distressed sales, Lancaster County prices were up 2.7 percent for the year and 0.7 percent from January.

Harrisburg-Carlisle posted a 2.6 percent annual increase an 0.2 percent monthly in prices, including distressed sales, according to CoreLogic.

Without the distressed sales, year-over-year prices increased by 3.1 percent and month-over-month prices jumped 1.9 percent.

In Lebanon County, home prices were up 0.7 percent for the year, including distressed sales. For the month, prices decreased by 0.1 percent from January.

And excluding distressed sales, prices declined 1.1 percent for the year, while increasing 0.9 percent from January, according to CoreLogic.

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