Metro Atlanta showed one of the strongest price increases among American cities in the most recent Case-Shiller home price report, issued this morning.
While most metros areas saw price increases in April, those increases were at a slower pace than in previous months, according to the report, issued by the S&P/Case-Shiller Home Price Indices.
“Although home prices rose in April, the annual gains weakened,” said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices, in a statement issued this morning. “Overall, prices are rising month-to-month but at a slower rate.”
Atlanta home prices
The Case-Shiller composite for the nation’s 20-largest cities was up 10.8 percent in the past year. During April, that measure rose 1.1 percent. Atlanta, in contrast, was up 2 percent during April.
Over the course of the year, Atlanta prices rose 13.7 percent, according to Case Shiller.
For the year, that means Atlanta’s price rise was behind only six other metros. The fastest price hikes were in Las Vegas, where prices rose 18.8 percent during the past 12 months.
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