Home Prices Rose 1.3% in December, Says Case-Shiller

New York, NY, February 24, 2026-The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 1.3% annual gain for December. The 10-City Composite saw an annual increase of 1.9%, down from a 2.0% increase in the previous month. The 20-City Composite posted a year-over-year increase of 1.4%, in line with the previous month.

Chicago reported the highest annual gain among the 20 cities with a 5.3% increase in December, followed by New York and Cleveland with annual increases of 5.1% and 4.0%, respectively. Tampa posted the lowest return in December, falling 2.9%. The chart below compares year-over-year returns for different housing price ranges (tiers) in Chicago. 

The pre-seasonally adjusted U.S. National Index saw a drop of 0.3%, and both the 10-City Composite and the 20-City Composite Indices decreased 0.1%.

After seasonal adjustment, the U.S. National Index reported a monthly increase of 0.4%, and both the 10-City Composite and 20-City Composite Indices posted month-over-month gains of 0.5%.