Home Prices Rose 5.8% YOY in March, S&P CoreLogic Case-Shiller

New York, NY, May 30, 2017-The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.8% annual gain in March, up from 5.7% last month and setting a 33-month high.

The Ten-City Composite and the 20-City Composite indices came in at 5.2% and 5.9% annual increases, respectively, unchanged from last month.

Seattle, Portland, and Dallas reported the highest year-over-year gains among the 20 cities. In March, Seattle led the way with a 12.3% year-over-year price increase, followed by Portland with 9.2%, and Dallas with an 8.6% increase. Ten cities reported higher price increases in the year ending March 2017 than in the year ending February 2017.

Before seasonal adjustment, the National Index posted a month-over-month gain of 0.8% in March. The Ten-City Composite posted a 0.9% increase and the 20-City Composite reported a 1.0% increase. After seasonal adjustment,the National Index recorded a 0.3% month-over-month increase.

Both the Ten-City Composite and the 20-City Composite indices posted a 0.9% month-over-month increase after seasonal adjustment. Eighteen of the 20 cities reported increases in March before seasonal adjustment; after seasonal adjustment, 17 cities saw prices rise.