The annual growth rate of Real Capital Analytics' U.S. National All-Property index rose to 6.7% in April, the data firm said. The monthly change for April was 0.8%.
Annual price growth in the six largest metropolitan markets — Boston; Chicago; Los Angeles; New York; San Francisco; and Washington, D.C. — accelerated to hit 7.7% in April, while price growth in non-major metros slowed to 6.0% on an annual basis in April from 6.2% in March, according to RCA.
Of all the property types, prices in the industrial segment rose the most, achieving 10.3% growth year over year, the highest rate since 2015. Monthly price growth for industrial hit 1.3% in April.
The apartment sector saw prices rise 7.1% annually in April. The sector has produced returns of over 10% for most of the last eight years, RCA said.
Office prices saw year-over-year growth of 6.1% and monthly growth of 0.8%. Central business district office prices recorded a yearly return of 8.1%, and suburban office prices logged a 5.3% annual gain in April.
On the retail side, price growth inched up 0.2% month over month, while the yearly return was 2.5%.