Home Prices Rose 18.8% in 2021, Says Case-Shiller
New York, NY, February 22, 2022--Home prices made a 18.8% annual gain in December, remaining the same from the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported.
The Ten-City Composite annual increase came in at 17.0%, up from 16.9% in the previous month. The 20-City Composite posted an 18.6% year-over-year gain, up from 18.3% in the previous month.
Phoenix, Tampa, and Miami reported the highest year-over-year gains among the 20 cities in December. Phoenix led the way with a 32.5% year-over-year price increase, followed by Tampa with a 29.4% increase and Miami with a 27.3% increase. Fifteen of the 20 cities reported higher price increases in the year ending December 2021 versus the year ending November 2021.
Before seasonal adjustment, the U.S. National Index posted a 0.9% month-over-month increase in December, while the Ten-City and 20-City Composites posted increases of 1.0% and 1.1%, respectively.
After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 1.3%, and the Ten-City and 20-City Composites posted increases of 1.4% and 1.5%, respectively.
In December, all 20 cities reported increases before and after seasonal adjustments.