U.S house price index, S&P/Case-Shiller, seasonally adjusted (Q1 1990=100)
February, 24, 2021
United States
Real estate price trends in the United States. We use the S&P/Case-Shiller monthly indices for single-family detached properties in 20 major metropolitan areas utilizing repeat-sales methodology.
House prices in U.S. (S&P/Case-Shiller), % change 1 yr
Nominal and inflation-adjusted ('real')
United States
Source: S&P/Case-Shiller
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | 0.9 | 2.3 | 2.16 | 3.27 |
| 2019 | -0.64 | 1.56 | 0.37 | 0.08 |
| 2018 | 0.16 | 1.77 | 0.48 | 0.16 |
| 2017 | 0.17 | 2.59 | 0.57 | 0.65 |
| 2016 | 0.17 | 1.77 | 0.95 | 0.25 |
| 2015 | 0.43 | 2.09 | 1.21 | 0.65 |
| 2014 | -0.19 | 2.23 | 0.75 | 0.9 |
| 2013 | 1.44 | 5.4 | 1.79 | 0.22 |
| 2012 | -1.11 | 5.34 | -0.01 | 0.45 |
| 2011 | -3.9 | 1.98 | -1.76 | -3.05 |
| 2010 | -2.85 | 2.7 | -2.31 | -3.07 |
| 2009 | -5.07 | 0.83 | -0.25 | -1.97 |
| 2008 | -4.72 | -3.21 | -2.76 | -1.96 |
| 2007 | -2.29 | -1.79 | -1.4 | -3.94 |
| 2006 | -0.06 | -0.56 | -0.19 | 0.02 |
| 2005 | 2.12 | 3.88 | 1.02 | 2.44 |
| 2004 | 1.48 | 3.2 | 2.94 | 2.08 |
| 2003 | -0.12 | 3.31 | 2.06 | 2.36 |
| 2002 | 0.42 | 3.1 | 1.96 | 1.38 |
| 2001 | 0.21 | 1.57 | 1.76 | 1.42 |
| 2000 | 0.2 | 2.62 | 1.42 | 1.37 |
| 1999 | 0.58 | 2.2 | 1.08 | 0.92 |
| 1998 | 0.63 | 2.13 | 1.36 | 0.57 |
| 1997 | -0.38 | 1.58 | 0.51 | 0.56 |
| 1996 | -1.23 | 1.05 | 0.09 | -0.76 |
| 1995 | -1.12 | 0.5 | 0.37 | -0.47 |
| 1994 | -0.65 | 1.17 | -0.14 | -0.53 |
| 1993 | -1.28 | 0.92 | 0.39 | -0.59 |
| 1992 | -1.04 | 0.39 | -0.74 | -0.64 |
| 1991 | -1.98 | 0.74 | -0.45 | -1.46 |
| 1990 | 0 | -2.46 | -2.44 |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
