Home Prices Rose 18.6% in June, Says Case-Shiller
New York, NY, August 31, 2021-Home prices made a 18.6% annual gain in June, up from 16.8% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
The Ten-City Composite annual increase came in at 18.5%, up from 16.6% in the previous month. The 20-City Composite posted a 19.1% year-over-year gain, up from 17.1% in the previous month.
Phoenix, Arizona; San Diego, California; and Seattle, Washington reported the highest year-over-year gains among the 20 cities in June. Phoenix led the way with a 29.3% year-over-year price increase, followed by San Diego with a 27.1% increase and Seattle with a 25.0% increase. All 20 cities reported higher price increases in the year ending June 2021 versus the year ending May 2021.
Before seasonal adjustment, the U.S. National Index posted a 2.2% month-over-month increase in June, while the Ten-City and 20-City Composites both posted increases of 1.8% and 2.0%, respectively.
After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 1.8%, and the 10-City and 20-City Composites both posted increases of 1.6% and 1.8%, respectively. In June, all 20 cities reported increases before and after seasonal adjustments.