Home prices grew 1.3% month-over-month after seasonal adjustment, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
The 10-City Composite and 20-City Composite both had gains of 1.7%.
"The U.S. housing market continued to strengthen in April 2023," stated Craig J. Lazzara, Managing Director at S&P DJI. "Home prices peaked in June 2022, declined until January 2023, and then began to recover.”
“Whether we see further support for that view in coming months will depend on the how well the market navigates the challenges posed by current mortgage rates and the continuing possibility of economic weakness,” Lazzara added.
The highest year-over-year gains among the 20 cities were in Miami (5.2%), Chicago (4.1%) and Atlanta (3.5%).
