United States Case Shiller Home Price Index YoY

The S&P CoreLogic Case-Shiller 20-City Home Price Index rose 2.8% year-over-year in May 2025, easing from a 3.4% increase in April and slightly below market expectations of a 3.0% gain. This marked the slowest annual growth in home prices since August 2023, reflecting the impact of higher mortgage rates, tighter financial conditions, subdued transaction volumes, and increasingly localized market dynamics. New York led all cities with a 7.4% annual increase, followed by Chicago (6.1%) and Detroit (4.9%), reinforcing the Midwest and Northeast dominance that has defined the 2025 housing landscape. In contrast, Tampa posted a 2.4% annual decline—its seventh consecutive month of year-over-year price drops. On a monthly basis, the 20-City Home Price Index rose by 0.4%, the slowest monthly gain since January.