Nationwide, home prices increased 4.5 percent annually in June after a 4.4 percent increase in May, according to the S&P Dow Jones Indices.
The 10-City Composite annual rate decreased marginally to 4.6 percent while the 20-City Composite remained virtually unchanged at 5 percent.
Denver, San Francisco and Dallas reported the highest year-over-year gains among the 20 cities with price increases of 10.2 percent, 9.5 percent and 8.2 percent, respectively.
Month-over-month, the National Index gained 0.1 percent while the 10 and 20-City Composites both recorded home price decreases of 0.1 percent.
“Nationally, home prices continue to rise at a 4-5% annual rate, two to three times the rate of inflation,” said David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement.
