The 20-City Case-Shiller Composite gained 4.9 percent year-over-year in May, slightly lower than April’s gain. The 10-City Composite gained 4.7 percent from the previous year, slightly higher than the year-over-year gain in April. The National index recorded a 4.4 percent gain on an annual basis, compared to a 4.3 percent annual gain in April.
Of the cities reporting month-over-month increases, Boston, Cleveland and Las Vegas posted the highest gains, each increasing 1.5 percent from April.
San Francisco and Denver posted the highest year-over-year gains, with respective price increases of 9.7 percent and 10.0 percent. Washington, D.C. posted the slowest yearly growth, with prices increasing at an annual rate of 1.3 percent.
Read the S&P/Case-Schiller release.