Share this article!

The latest Case-Shiller data points to a housing market where prices continue set record highs.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.3% annual gain in April, down from 6.5% the previous month. The 10-City Composite annual increase recorded an 8.0% gain, down from 8.3% the previous month while the 20-City Composite posted a 7.2% year-over-year gain, down from 7.5% in the previous month.

The National Index posted a 1.2% month-over-month increase while the 10-City and 20-City Composites both posted increases of 1.38% and 1.36% before a seasonal adjustment in April. After the seasonal adjustment, the National Index and 10-City Composite posted the same month-over-month increases of 0.3% and 0.5%, while the 20-City Composite posted an increase of 0.4%.

Among the cities tracked by this data, San Diego, New York and Chicago reported the highest year-over-year gains with year-over-year price increases of 10.3%, 9.4% and 8.7%, respectively.

Booking.com

“For the second consecutive month, we’ve seen our National Index jump at least 1% over its previous all-time high,” said Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones Indices. “2024 is closely tracking the strong start observed last year, where March and April posted the largest rise seen prior to a slowdown in the summer and fall. Heading into summer, the market is at an all-time high, once again testing its resilience against the historically more active time of the year.”

Luke added that 13 markets were currently at all-time highs, although he also observed a cooling trend taking place.

“Last month’s all-time high came with all 20 markets accelerating price gains,” he said. “This month, just over half of our markets are seeing prices accelerate on a monthly basis. At 6.3% annual gains, the index has decelerated from the start of the year, with only two markets rising on an annual basis.”

Reset password

Enter your email address and we will send you a link to change your password.

Get started with your account

to save your favorite homes and more

Sign up with email

Get started with your account

to save your favorite homes and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy

Create an agent account

Manage your listings, profile and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy

Create an agent account

Manage your listings, profile and more

Sign up with email