July Home Prices Posted 5.1% Annual Gain, 0.7% Rise from June

New York, NY, September 27, 2016—The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.1% annual gain in July, up from 5.0% last month, according to the S&P CoreLogic Case-Shiller Indices.

The 10-City Composite posted a 4.2% annual increase, down from 4.3% the previous month.

The 20-City Composite reported a year-over-year gain of 5.0%, down from 5.1% in June.

Portland, Seattle, and Denver reported the highest year-over-year gains among the 20 cities over each of the last six months. In July, Portland led the way with a 12.4% year-over-year price increase, followed by Seattle at 11.2%, and Denver with a 9.4% increase. Nine cities reported greater price increases in the year ending July 2016 versus the year ending June 2016.

Before seasonal adjustment, the National Index posted a month-over-month gain of 0.7% in July.

The 10-City Composite recorded a 0.5% month-over-month increase while the 20-City Composite posted a 0.6% increase in July.

After seasonal adjustment, the National Index recorded a 0.4% month-over- month increase, the 10-City Composite posted a 0.1% decrease, and the 20-City Composite remains unchanged. After seasonal adjustment, 12 cities saw prices rise, two cities were unchanged, and six cities experienced negative monthly prices changes.