Case-Shiller Home Price Index values for April were released Tuesday by Standard & Poor’s, showing slight increases in home prices throughout most of the country. Charlotte area home prices continued to increase, growing 1.0 percent between March and April of this year. On the rise since last November, Charlotte home prices now sit 0.7 percent higher than in April 2011 and are at their highest point since February 2011.
Charlotte was one of seventeen cities with upward movement in home prices in April. Among Charlotte’s benchmark cities represented in this dataset, each saw increasing home prices with San Francisco experiencing the most upward movement (1.5 percent) and Denver experiencing the least (0.3 percent) between March and April.
About the data: Case-Shiller Home Price Indices use repeat home sales to track the price path of single-family homes in 20 metropolitan areas and 10- and 20-city composites. The 20-city composite is a collective value for all 20 metropolitan areas, while the 10-city composite combines Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington. On this site, you will find only data for the metropolitan areas that are included as benchmark cities, which the institute has chosen for comparison purposes across multiple indicators. To see how Charlotte compares to all 20 metropolitan areas, go to www.standardandpoors.com.
These data are released on a two-month delay, resulting in a two-month lag between data collection and the report. Standard & Poor’s continually revises its Case-Shiller Home Price data after initial publication in order to take into account additional source data. The values presented on the Charlotte Regional Indicators site reflect those revisions.