The April 2015 results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, were released this week. The results showed that home prices continued their rise across the country over the last 12 months. This article from MarketWatch highlights some interesting data from the release regarding home prices in individual cities.
The S&P/Case-Shiller 20-city composite showed that U.S. home prices rose 1.1% in April, supported by the spring sales market. There were gains in all the cities tracked by the Case-Shiller 20-city composite index.
Seattle posted the fastest monthly growth, reaching 2.3%. The slowest was Boston, where monthly prices rose 0.3% in April.
Denver saw the fastest year-over-year growth, hitting 10.3%. Meanwhile, the slowest annual growth was in Washington, where prices rose 1.1%.
Among the nine cities with a pick up in annual price growth, Las Vegas’s appreciation hit 6.3% in April, compared with 5.7% in March.
