Metro Atlanta housing prices continue to rise

Housing prices in metro Atlanta continued to rise, though prices here still lag those of many other cities.

Home prices in the region were up 3.4 percent in May from April, according to the S&P/Case-Shiller Home Price Indices.

That was slightly slower than the 3.8 percent change from April to March.

Year over year, prices in metro Atlanta rose 20.1 percent. Only three other cities — San Francisco, Las Vegas and Phoenix — showed annual gains above 20 percent.

Metro Atlanta prices are at fall 2000 levels. The 20-city average is equivalent to 2004 levels.

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