The latest S&P / Case-Shiller® Home Price Index® numbers were published on June 28.

The new report covers home sales during the period February to April 2022. So they do not reflect sales closed since May 1, 2022, nor the market slowdown we have experienced over the past 3 months.

Comparing with the previous month's series we see the following changes:

1. Miami +3.40%
2. Dallas +3.16%
3. Tampa +3.03%
4. Boston +2.83%
5. Charlotte +2.69%
6. Denver +2.54%
7. Phoenix +2.46%
8. Las Vegas +2.33%
9. Atlanta +2.32%
10. Seattle +2.30%
11. San Diego +2.28%
12. Detroit +2.24%
13. Minneapolis +2.20%
14. Portland +2.20%
15. San Francisco +2.18%
16. Los Angeles +2.01%
17. New York +1.99%
18. Chicago +1.93%
19. Washington +1.91%
20. Cleveland +1.36%

Phoenix has moved up from 11th to 7th place and remains above the national average, which was 2.08%. The national average remains high, but down from 2.55% last month.

Comparing year of year, we see the following changes:

1. Tampa +35.8%
2. Miami +33.3%
3. Phoenix +31.3%
4. Dallas +31.0%
5. San Diego +28.5%
6. Las Vegas +28.4%
7. Charlotte +26.6%
8. Atlanta +26.4%
9. Seattle +26.1%
10. Denver +23.6%
11. Los Angeles +23.4%
12. San Francisco +22.9%
13. Portland +19.1%
14. Detroit +15.3%
15. Boston +15.1%
16. Cleveland +14.5%
17. New York +14.3%
18. Chicago +13.0%
19. Washington +12.7%
20. Minneapolis +12.3%

The national average was 20.4%. Phoenix has slipped below Miami and looks likely to be overtaken by Dallas next month.

All these numbers are likely to look very different 12 months from now.

Market incites provided by the Cromford report.