Home Prices Hit 30-Year Record in June

by Marc Tahler

Prices for single-family homes heated up even more as the summer market kicked off in June, according to the most recent S&P CoreLogic / Case-Shiller Indices.

For the third consecutive month, home prices saw record growth with an 18.6% uptick in June—up from 16.8% in May. Experts note that marks the highest reading in more than 30 years of S&P CoreLogic Case-Shiller data.

All 20 cities saw higher annual price increases as the 10-City Composite increased 18.5%, while the 20-City Composite increased 19.1%.

Phoenix, San Diego and Seattle marked their 25th month as top-three markets with the highest gains, recording increases of 29.3%, 27.1% and 25.0%, respectively.

Los Angeles, Calif.
June/May: 1.9%
Year-Over-Year: 18.7%

Published on 2021-09-01 20:56:42