The latest S&P CoreLogic Case-Shiller Indices have been released, highlighting the 11th consecutive month of home price increases. The newest numbers for April 2021 show a 14.6 percent year-over-year increase nationally—marking the largest gains since 2005.
Phoenix, San Diego and Seattle reported the highest year-over-year gains among the top 20 cities tracked by the Index. In April, Phoenix led the way with a 22.3 percent price increase, followed by San Diego with 21.6 percent and Seattle with a 20.2 percent increase.
All three markets were atop last month’s report as well. In March, Phoenix home prices were up 20 percent year-over-year price increase, followed by San Diego at 19.1 percent and Seattle at 18.3 percent.
Charlotte, Cleveland, Dallas, Denver and Seattle all recorded their all-time highest 12-month gains. Elsewhere in California, Los Angeles saw a 14.7 percent year-over-year price increase, while San Francisco prices were up even more with a 15.1 percent bump.
“April’s performance was truly extraordinary,” said Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI in a prepared statement. “The 14.6 percent gain in the National Composite is literally the highest reading in more than 30 years of S&P CoreLogic Case-Shiller data. Housing prices in all 20 cities rose; price gains in all 20 cities accelerated; price gains in all 20 cities were in the top quartile of historical performance. In 15 cities, price gains were in top decile.”
You can read the full report by clicking here.