US Home Prices Jump at Fastest Pace in More Than 15 Years

A real estate sign is posted in front of a newly constructed single family home, in Auburn, N.H., on June 24, 2021. Aharles Krupa/AP Photo

WASHINGTON—U.S. home prices soared in April at the fastest pace since 2005 as potential buyers bid up prices on a limited supply of available properties.

The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, jumped nearly 15 percent in April from the previous year. That is up from a 13.4 percent annual gain in March.