July Case-Shiller US Home Price Index Declines, Year-Over-Year Rate Slows

09:00 AM EDT, 09/30/2025 (MT Newswires) -- The Case-Shiller National Home Price index fell by 0.2% in July before seasonal adjustment following a 0.1% increase in June.

National home prices were up 1.7% year-over-year, slower than the 1.9% gain in June and one of the weakest rates in the last 10 years according to S&P.

The 10-city index and 20-city index both fell by 0.3% in the month.

National home prices were down 0.1% month-over-month in July after seasonal adjustment, with the 10-city measure and the 20-city measure both 0.1% lower.

"July's results reinforce that the housing market has downshifted to a much slower gear," said Nicholas Godec, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.

The monthly home price index report from S&P CoreLogic Case-Shiller measures single-family home prices across the US with a two-month lag, broken down by city, with combined measures of the 10 and 20 largest cities and a national index. Case-Shiller reports percentage gains both from the previous month and a year earlier.

Higher home prices are inflationary and are usually negative for bonds. The possible outcome for housing-related stocks is mixed, as higher prices suggest strong demand, but prices that are accelerating too fast can also deter potential buyers.

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