Home Prices Continued to Grow in December, But Pace is Slowing

Home prices in December increased 5.4 percent year-over-year, versus a 5.2 percent increase in November, according to the S&P/Case-Shiller U.S. National Home Price Index.

The 20-City Composite’s year-over-year gain in December 2015 was 5.7 percent, the same as in November. The 10-City Composite increased 5.1 percent annually in December, compared with 5.2 percent in 2014.

The highest year-over-year gains in December 2015 were reported in Portland (11.4 percent), San Francisco (10.3 percent) and Denver (10.2 percent).

After seasonally adjustments, the National Index and 20-City Composite reported a month-over-month gain of 0.8 percent in December. The 10-City Composite increased 0.7 percent month-over-month in December.

“While home prices continue to rise, the pace is slowing a bit,” said David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in the report.