Boston-area home values declined 0.9 percent between June and July on a seasonally adjusted basis, according to the SP/Case-Shiller Home Price Indices.
However, Boston-area home values were up 5.7 percent between July 2013 and July 2014, according to the indices.
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The indices track repeat home sales around the United States, and for its July report, out Tuesday morning, the indices found “a significant slowdown in price increases” nationwide. Greater Boston is one of 20 US real estate markets tracked by the indices.
A Tuesday SP/Case-Shiller press release included a statement from David M. Blitzer, chairman of the Index Committee at SP Dow Jones Indices.
Commenting from a national perspective, Blitzer said: “The broad-based deceleration in home prices continued in the most recent data. However, home prices continue to rise at two to three times the rate of inflation. The slower pace of home price appreciation is consistent with most of the other housing data on housing starts and home sales. The rise in August new home sales —which are not covered by the SP/Case-Shiller indices — is a welcome exception to recent trends.”
The Boston-based Warren Group tracks residential real estate activity in Massachusetts.
In a Sept. 23 press release, the Warren Group noted that the median price of a Massachusetts single-family home increased by almost 2 percent in August, on a year-to-year comparison basis, to $349,000. By its measures, the Massachusetts median sales price has increased each month year-over-year since October 2012, the Warren Group said.
Chris Reidy can be reached at reidy@globe.com.