Home Prices Rose 19.8% YOY in August, Says Case-Shiller
New York, NY, October 26, 2021-Home prices made a 19.8% annual gain in August, remaining the same as the previous month, The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reports.
The Ten-City Composite annual increase came in at 18.6%, down from 19.2% in the previous month. The 20-City Composite posted a 19.7% year-over-year gain, down from 20.0% in the previous month.
Phoenix, Arizona; San Diego, California; and Tampa, Florida reported the highest year-over-year gains among the 20 cities in August. Phoenix led the way with a 33.3% year-over-year price increase, followed by San Diego with a 26.2% increase and Tampa with a 25.9% increase. Eight of the 20 cities reported higher price increases in the year ending August 2021 versus the year ending July 2021.
Before seasonal adjustment, the U.S. National Index posted a 1.2% month-over-month increase in August, while the Ten-City and 20-City Composites both posted increases of 0.8% and 0.9%, respectively.
After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 1.4%, and the Ten-City and 20-City Composites both posted increases of 0.9% and 1.2%, respectively. In August, all 20 cities reported increases before and after seasonal adjustments.