S&P CoreLogic Case-Shiller Index: Home Prices Down for Third Straight Month

Published on July 29, 2025

Home prices declined in May as the benchmark national index fell for a third straight month. The seasonally adjusted home prices for the national index saw a 0.3% decrease month-over-month and a 2.2% increase year-over-year. This marks the fourth straight month annual gains have slowed and is the smallest annual increase since July 2023. After adjusting for inflation, the monthly change fell to -0.6% and annual change fell to -1.9%.

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