Charlotte-area home prices rose 3.6 percent in July from the same month last year, according to Standard & Poor’s/Case-Shiller data released Tuesday.
The report shows the pace of annual price gains continues to slow nationwide.
Nationally, home prices rose 6.7 percent in July from the same month a year ago, according to a composite index of 20 cities. That was down from an 8.1 percent annual gain posted in June.
Charlotte’s annual appreciation in July was flat compared with June’s.
“The broad-based deceleration in home prices continued in the most recent data,” David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.
Even as annual appreciation slows, U.S. cities are still posting sizable gains.
“Home prices continue to rise at two to three times the rate of inflation,” Blitzer said.
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