Photo: Robert Johnson — Business Insider
The seasonally adjusted 20-city index climbed 0.66 per cent from September. Economists were looking for an increase of 0.48 per cent.
On a year-over-year basis, prices jumped 4.31 per cent, which was ahead of the 4.00 per cent expected.
“As we enter the seasonally slow months, volatility in prices is somewhat unavoidable, as sales retreat and foreclosures make up a larger portion of total sales,” said Wells Fargo economist John Silvia.
Here’s a city-by-city breakdown:
Here’s a look at the 20-city index: