Although the housing market is showing signs of recovery in recent months, it seems that most real estate experts are dissatisfied with the way home prices are increasing.

Latest data showed that prices of residential properties between May and June grew at a rate that is considered one of the slowest in the last ten years. According to Radar Logic’s composite price index for 25 metropolitan statistical areas (MSA), the RPX composite price for June 24 was $197.09 per square foot. The figure rose by just 0.6% from a month earlier.

Despite the increase, however, the firm said the figure is considerably lower than the one recorded ten years ago. The average May to June increase over the past decade has been $2.75 per square foot, or a growth of 1.4%.

“In a sign of weakness to come, the RPX composite price for the Western region hit its peak for the year in May and declined sharply in June. The Western region has been the source of much of the recent strength in the 25 MSA RPX Composite, outperforming the other regions year to date and year on year on a composite-price basis,” the Radar Logic Report said.

The report also revealed that the end of seasonal price gains in the West Coast indicate a possible decline in the 25 MSA RPX Composite in the coming months. Radar Logic also warned of a potential slowdown in sales activity for the rest of the year amid a decline in consumer confidence.

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