Home Prices Rose 2.3% YOY in May, Says Case-Shiller

Washington, DC, July 29, 2025-Home prices rose 2.3% YOY in May, down from a 2.7% annual gain in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions. 

The Ten-City Composite saw an annual increase of 3.4%, down from a 4.1% annual increase in the previous month. The 20-City Composite posted a year-over-year increase of 2.8%, down from a 3.4% increase in the previous month. New York again reported the highest annual gain among the 20 cities with a 7.4% increase in May, followed by Chicago and Detroit with annual increases of 6.1% and 4.9%, respectively. Tampa posted the lowest return, falling 2.4%.

The pre-seasonally adjusted U.S. National Index saw slight upward trends in May, posting gains of 0.4%. The Ten-City Composite and 20-City Composite Indices both reported gains of 0.4%.

After seasonal adjustment, the U.S. National Index posted a decrease of -0.3%. Both the Ten-City Composite and the 20-City Composite Indices saw a -0.3% decrease, as well.