According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. Census divisions, home prices experienced a 16.6% annual gain in May 2021, up from 14.8% in April and 13.3% in March. The 10-City Composite annual increase came in at 16.4%, up from 15.0% in the previous month. The 20-City Composite posted a 17.0% year-over-year gain, up from 13.4% in the previous month. All 20 cites reported higher prices increases in the year ending May 2021 when compared to the year ending May 2020. Leading the way in year-over-year price increases in May was Phoenix with a 25.9% gain, followed by San Diego with a 24.7% gain and Seattle with a 23.4% gain. All 20 cities reported higher price increases in the year ending May 2021 versus the year ending April 2021.
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S&P Corelogic Case-Shiller Index Reports Record High Annual Home Price Gain of 16.6% in May