The S&P Cotality Case-Shiller 20-City Home Price Index rose 1.4% year over year in December 2025, matching November’s pace and market expectations. However, annual price growth remains close to its weakest level in more than two years, highlighting continued cooling in the US housing market. Home price gains also trailed consumer inflation, which stood at 2.7% in December. As a result, real home values effectively declined over the past year, with nominal price growth lagging inflation by about 1.3 percentage points. Chicago led major markets for a third straight month with a 5.3% annual gain, followed by New York at 5.1% and Cleveland at 4.0%. In contrast, Tampa posted the steepest decline, down 2.9% and marking its 14th consecutive month of falling annual prices. Other former pandemic boom markets, particularly in the Sun Belt, also recorded notable declines, led by Phoenix (-1.5%), Dallas (-1.5%), and Miami (-1.5%). source: Standard & Poor's

Case Shiller Home Price Index YoY in the United States remained unchanged at 1.40 percent in December. Case Shiller Home Price Index YoY in the United States averaged 5.09 percent from 2001 until 2025, reaching an all time high of 21.30 percent in April of 2022 and a record low of -19.00 percent in January of 2009. This page includes a chart with historical data for the United States Case Shiller Home Price Index YoY. United States Case-Shiller 20-City Composite Home Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Case Shiller Home Price Index YoY in the United States remained unchanged at 1.40 percent in December. Case Shiller Home Price Index YoY in the United States is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Case Shiller Home Price Index YoY is projected to trend around 2.00 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-27 02:00 PM
S&P/Case-Shiller Home Price YoY
Nov 1.4% 1.3% 1.2% 1.2%
2026-02-24 02:00 PM
S&P/Case-Shiller Home Price YoY
Dec 1.4% 1.4% 1.4% 1.4%
2026-03-31 01:00 PM
S&P/Case-Shiller Home Price YoY
Jan 1.4%


Related Last Previous Unit Reference
Case-Shiller Home Price Index 336.89 337.34 points Dec 2025
Case-Shiller Home Price Index MoM -0.10 0.00 percent Dec 2025
Case-Shiller Home Price Index YoY 1.40 1.40 percent Dec 2025
Case-Shiller Single Family Home Price Index 332.04 330.65 points Dec 2025


United States Case-Shiller 20-City Composite Home Price Index YoY
The S&P Cotality Case-Shiller 20-City Composite Home Price Index measures changes in residential house prices in 20 metropolitan regions in the United States: Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego, San Francisco, Seattle, Tampa and Washington D.C.
Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.40 21.30 -19.00 2001 - 2025 percent Monthly
NSA

News Stream
US Home Price Growth Stays Subdued in December
The S&P Cotality Case-Shiller 20-City Home Price Index rose 1.4% year over year in December 2025, matching November’s pace and market expectations. However, annual price growth remains close to its weakest level in more than two years, highlighting continued cooling in the US housing market. Home price gains also trailed consumer inflation, which stood at 2.7% in December. As a result, real home values effectively declined over the past year, with nominal price growth lagging inflation by about 1.3 percentage points. Chicago led major markets for a third straight month with a 5.3% annual gain, followed by New York at 5.1% and Cleveland at 4.0%. In contrast, Tampa posted the steepest decline, down 2.9% and marking its 14th consecutive month of falling annual prices. Other former pandemic boom markets, particularly in the Sun Belt, also recorded notable declines, led by Phoenix (-1.5%), Dallas (-1.5%), and Miami (-1.5%).
2026-02-24
US Home Price Growth Ticks Up but Remains Weak
The Case-Shiller 20-City Home Price Index rose 1.4% year over year in November 2025, slightly above October’s 1.3% gain and market expectations of 1.2%. While marking the first pickup in ten months, growth remains near a more than two-year low, underscoring a slower US housing market. Home price appreciation continued to lag consumer inflation, which eased to 2.7% in November. As a result, real home values effectively declined over the past year, with price growth trailing inflation by roughly 1.3 percentage points. Chicago led major markets for a second straight month with a 5.7% annual gain, followed by New York at 5.0% and Cleveland at 3.4%. In contrast, Tampa posted the steepest decline, down 3.9% and marking its 13th consecutive month of falling annual prices. Other former pandemic boom markets, particularly in the Sun Belt, also recorded notable declines, led by Phoenix (-1.4%), Dallas (-1.4%), and Miami (-1.0%).
2026-01-27
US Home Price Growth Slows Further in October
The Case-Shiller 20-City Home Price Index rose 1.3% year over year in October 2025, easing from a 1.4% increase in September and coming in slightly above market expectations of a 1.1% gain. This represents the smallest annual increase since July 2023, reinforcing signs that the US housing market is settling into a much slower growth phase. Home price appreciation continues to trail consumer inflation. With October CPI estimated at around 3.1%, inflation-adjusted home values appear to have edged modestly lower over the past year. Regional data point to a pronounced geographic rotation. Chicago now leads all major markets with a 5.8% annual gain, followed by New York at 5.0% and Cleveland at 4.1%. In contrast, Tampa recorded a 4.2% decline, the steepest among the 20 cities, and its 12th consecutive month of falling annual prices. Other former pandemic boom markets, especially in the Sun Belt, are seeing the sharpest declines, led by Phoenix (-1.5%), Dallas (-1.5%), and Miami (-1.1%).
2025-12-30