National home prices increased 5.5 percent in September compared with September 2017, according to the S&P CoreLogic Case-Shiller Index.
The year-over-year increase is down slightly from August’s 5.7 percent jump from August 2017 prices.
“Home prices plus data on house sales and construction confirm the slowdown in housing,” stated David Blitzer, managing director and chair of the Index Committee at S&P Indices. “The Index showed a 5.5% year-over-year gain, weaker for the second month in a row as 16 of 20 cities showed smaller annual price gains.”
The 10-City Composite grew 4.8 percent, down from a 5.2 percent surge in August, and the 20-City Composite jumped 5.1 percent, down from August’s 5.5 percent year-over-year increase.
Las Vegas, San Francisco and Seattle continued to report the steepest year-over-year gains among the 20 cities, home prices increasing 13.5 percent, 9.9 percent and 8.4 percent, respectively.
The full report can be found here.
