National Home Price Appreciation (HPA) Index – June 2021

Key takeaways:

National HPA for June averaged 15.6%, up from 15.4% a month ago and 6.5% a year ago.
Low rates are driving high HPA growth across all price tiers but especially the upper tiers.
Historically, HPA in the low price tier has far outpaced HPA in the upper price tiers.
HPA varied significantly among the 40 largest metros in the US. In all metros, HPA was at least 10% or higher from a year ago.
Months’ supply continues to be extremely tight across the nation and all price tiers.
Months’ supply varied significantly among the 40 largest metros in the US. However, all of these metros experienced a tight seller’s market.

To view more data on HPA and months supply, please visit our interactive.