S&P CoreLogic Case-Shiller National Home Price Index Jumps 19.7% Year-Over-Year in July

According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index (9-28-21), which covers all nine U.S. Census divisions, home prices experienced a 19.7% annual gain in July 2021, up from 18.7% in June.

The 10-City Composite annual increase came in at 19.1%, up from 18.6% in the previous month. The 20-City Composite posted a 19.9% year-over-year gain, up from 19.1% in the previous month. Leading the way in year-over-year price increases in July were Phoenix with a 32.4% gain, followed by San Diego with a 27.8% gain and Seattle with a 25.5% gain. Seventeen of the 20 cities reported higher price increases in the year ending July 2021 versus the year ending June 2021.

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S&P Corelogic Case-Shiller Index Reports Record High 19.7% Annual Home Price Gain in July