In April, the 10-City Composite gained 4.6 percent year-over-year and the 20-City Composite increased 4.9 percent year-over-year, compared with March gains of 4.7 percent and 5 percent, respectively, according to the S&P Home Price Indices.
The National Home Price Index recorded a 4.2 percent annual gain in April compared with a 4.3 percent rise the month prior.
Denver and San Francisco reported the highest year-over-year gains of the cities included in the Indices, sporting increases of 10.3 percent and 10 percent, respectively.
The lowest year-over-year gains were in Boston, where the April price increase of 1.8 percent lagged behind the 4.6 percent gain the month before.
Month-over-month, the 10-City and 20-City Composites posted gains of 1 percent and 1.1 percent in April, amounting to a 0.3 percent and 0.4 percent increase from March.
The National Index increased 1.1 percent in April—the same amount as in March.
“Home prices continue to rise across the country, but the pace is not accelerating,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement.
