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%). source: Standard & Poor's

Case Shiller Home Price Index YoY in the United States increased to 1.40 percent in November from 1.30 percent in October of 2025. Case Shiller Home Price Index YoY in the United States averaged 5.11 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 Home Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Case Shiller Home Price Index YoY in the United States increased to 1.40 percent in November from 1.30 percent in October of 2025. 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
2025-12-30 02:00 PM
S&P/Case-Shiller Home Price YoY
Oct 1.3% 1.4% 1.1% 1.3%
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% 1.5% 1.4%


Related Last Previous Unit Reference
Case-Shiller 20-City Home Price Index 337.27 337.37 points Nov 2025
Case-Shiller Home Price MoM 0.00 -0.30 percent Nov 2025
Case-Shiller Home Price YoY 1.40 1.30 percent Nov 2025
Case-Shiller Single Family Home Price Index 330.45 329.14 points Nov 2025


United States Case Shiller Home Price Index YoY
The S&P CoreLogic 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 1.30 21.30 -19.00 2001 - 2025 percent Monthly
NSA

News Stream
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
US Home Price Growth Continues to Slow: Case-Shiller
The S&P CoreLogic Case-Shiller 20-City Home Price Index rose 1.4% year-over-year in September 2025, easing for the eighth straight month and marking the slowest pace of growth since July 2023. The result was in line with expectations and slightly softer than August’s 1.6% increase. Chicago reported the biggest gain (5.5%), followed by New York (5.2%) and Boston (4.1%), sustaining momentum even as broader market conditions soften. On the other hand, Tampa posted the lowest return (4.1%), followed by declines in Phoenix (-2.0%), Dallas (-1.3%), and Miami (-1.3%), highlighting particular weakness in Sun Belt markets that experienced the most dramatic pandemic-era price surges. "Current conditions suggest more persistent headwinds. With mortgage rates stubbornly elevated and affordability at multi-decade lows, the market appears to be settling into a new equilibrium of minimal price growth-or, in some regions, outright decline", said Nicholas Godec from S&P Dow Jones Indices.
2025-11-25