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U.S house price index, S&P/Case-Shiller, seasonally adjusted (Q1 1990=100)
May, 28, 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 | |
| 2021 | 2.41 | |||
| 2020 | 1.49 | 1.76 | 2.29 | 3.7 |
| 2019 | 0.87 | 0.33 | 0.93 | 1.15 |
| 2018 | 0.96 | 0.36 | 0.98 | 1.07 |
| 2017 | 0.49 | 1.29 | 1.18 | 1.1 |
| 2016 | 1.24 | 0.29 | 1.17 | 1.33 |
| 2015 | 1.91 | 0.1 | 1.02 | 1.87 |
| 2014 | 0.46 | -0.25 | 0.98 | 2.13 |
| 2013 | 1.45 | 1.51 | 1.22 | 1.3 |
| 2012 | -0.37 | 0.79 | 1 | 1.46 |
| 2011 | -3.43 | -2.52 | -0.08 | 0.36 |
| 2010 | -1.34 | -0.96 | -1.72 | -1.27 |
| 2009 | -0.08 | -2.49 | -1.12 | -0.25 |
| 2008 | -3.43 | -4.87 | -3.64 | -0.08 |
| 2007 | -0.4 | -2.13 | -1.54 | -2.49 |
| 2006 | 0.93 | -0.97 | -0.37 | 1.34 |
| 2005 | 1.85 | 1.29 | 1.39 | 1.6 |
| 2004 | 1.31 | 1.07 | 2.23 | 1.87 |
| 2003 | 0.75 | 1.23 | 1.49 | 2.24 |
| 2002 | 1.31 | 0.75 | 1.48 | 1.69 |
| 2001 | 0.88 | 0.57 | 1.39 | 1.86 |
| 2000 | 0.77 | 0.62 | 0.78 | 1.19 |
| 1999 | 1.07 | 0.52 | 0.92 | 0.87 |
| 1998 | 0.97 | 0.85 | 0.91 | 1.29 |
| 1997 | -0.04 | 0.42 | 0.33 | 0.68 |
| 1996 | -0.03 | -0.32 | 0.11 | -0.14 |
| 1995 | -0.21 | -0.3 | 0.5 | 0.07 |
| 1994 | 0.27 | 0.19 | -0.28 | 0.05 |
| 1993 | -0.8 | 0.24 | 0.36 | 0.25 |
| 1992 | 0.48 | -0.94 | 0.06 | 0.07 |
| 1991 | -0.6 | -0.58 | 0.11 |
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.
