US Home Price Growth Accelerates in May

2026-07-28 13:17 By Joana Ferreira 1 min. read

The S&P Cotality Case-Shiller 20-City Home Price Index rose 1.6% year-over-year in May 2026, accelerating from an upwardly revised 1.2% increase in April and exceeding market expectations of 1.3%.

The annual gain was the strongest since August 2025.

However, after adjusting for inflation, home prices declined for a 12th consecutive month, as May's 4.2% inflation rate outpaced nominal home price growth by 2.6 percentage points.

For a third straight month, Chicago recorded the strongest annual price increase among the 20 cities, up 6.9%, followed by New York (4.2%) and Cleveland (3.1%).

Meanwhile, Las Vegas posted the steepest decline (-1.9%), ahead of Seattle (-1.8%), Denver (-1.8%), and Tampa (-1.6%).

On a monthly basis, home prices increased 0.9%, easing slightly from gains of 1.0% in April and 1.1% in March but continuing to reflect the seasonal strength typically seen during the spring homebuying season.

On a seasonally adjusted basis, prices rose 0.2% from the previous month.



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US Home Price Growth Accelerates in May
The S&P Cotality Case-Shiller 20-City Home Price Index rose 1.6% year-over-year in May 2026, accelerating from an upwardly revised 1.2% increase in April and exceeding market expectations of 1.3%. The annual gain was the strongest since August 2025. However, after adjusting for inflation, home prices declined for a 12th consecutive month, as May's 4.2% inflation rate outpaced nominal home price growth by 2.6 percentage points. For a third straight month, Chicago recorded the strongest annual price increase among the 20 cities, up 6.9%, followed by New York (4.2%) and Cleveland (3.1%). Meanwhile, Las Vegas posted the steepest decline (-1.9%), ahead of Seattle (-1.8%), Denver (-1.8%), and Tampa (-1.6%). On a monthly basis, home prices increased 0.9%, easing slightly from gains of 1.0% in April and 1.1% in March but continuing to reflect the seasonal strength typically seen during the spring homebuying season. On a seasonally adjusted basis, prices rose 0.2% from the previous month.
2026-07-28
US Home Prices Rise 1.1% in April
The S&P Cotality Case-Shiller 20-City Home Price Index increased 1.1% year-over-year in April 2026, following an upwardly revised 0.9% gain in March and surpassing market expectations. This marked the first acceleration in home price growth since November 2025, though prices remained near a three-year low, reflecting a cooling US housing market. For the 11th consecutive month, inflation outpaced home price growth, continuing to erode real housing wealth. Regional trends diverged, with the Midwest and Northeast leading moderate gains, while many Sun Belt and Western metros saw further declines. Chicago led with a 6.5% annual rise, followed by New York (3.8%) and Cleveland (3.2%). Seattle posted the steepest drop at -2.3%, with Denver (-1.8%), Tampa (-1.8%), Dallas (-1.6%), and Phoenix (-1.7%) also among the notable decliners.
2026-06-30
US Home Price Gains Ease Further in March
The S&P Cotality Case-Shiller 20-City Home Price Index rose just 0.8% year-over-year in March 2026, easing from 0.9% in February and falling short of market expectations for a 1.0% increase. It was the weakest annual increase since July 2023, adding to evidence of a cooling US housing market. For the tenth straight month, inflation outpaced home price growth, continuing to erode inflation-adjusted housing wealth. Regional divergence also persisted, with Midwest and Northeast cities outperforming while many Sun Belt and Western markets remained under pressure. Chicago led annual price gains with a 6.1% increase, followed by New York at 4.0% and Cleveland at 3.0%. On the downside, Seattle recorded the steepest annual decline at –2.5%. Other weak performers included Denver (–2.0%), Tampa (–1.9%), Dallas (–1.7%), and Phoenix (–1.6%). Even traditionally resilient markets such as Los Angeles (–1.6%) and Washington (–0.1%) slipped into negative territory.
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