I decided to update the data from the post I made in February about Minneapolis home prices. In that post I charted the yearly change in the Case-Shiller Minneapolis Home Price Index using December-December numbers. Obviously, December data for 2021 isn't available, so I made a new chart using April-April data. For example, the bar for 2020 represents the change in home prices from April 2020 to April 2021. Changing the observed month has resulted in some notable changes to the chart. For example, 2009 moved from -2.0% to 10% by observing April rather than December. The trend of escalating recent price increases, however, remains. With the updated data, there are now only three years, rather than four, of increases greater than the most recent year. Moreover, the mean yearly increase was 4.2%, meaning that the last two years have been above average, with the most recent year more than double the average.
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