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U.S house price index, S&P/Case-Shiller since 1990
United States
Source: S&P Global Property
Real estate price trends in the United States.
We use the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index monthly indices.
House prices in U.S. (S&P/Case-Shiller), % change 1 yr
Nominal and inflation-adjusted ('real')
United States
Source: S&P Global Property
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2024 | 0.06% | |||
| 2023 | -0.67% | 2.56% | 0.46% | -0.18% |
| 2022 | 2.69% | 1.37% | -2.69% | -2.03% |
| 2021 | 2.47% | 4.26% | 2.94% | 0.98% |
| 2020 | 0.95% | 2.27% | 2.2% | 3.26% |
| 2019 | -0.64% | 1.56% | 0.37% | 0.09% |
| 2018 | 0.16% | 1.77% | 0.47% | 0.15% |
| 2017 | 0.17% | 2.59% | 0.56% | 0.65% |
| 2016 | 0.17% | 1.78% | 0.94% | 0.25% |
| 2015 | 0.42% | 2.1% | 1.21% | 0.64% |
| 2014 | -0.19% | 2.23% | 0.75% | 0.89% |
| 2013 | 1.45% | 5.39% | 1.79% | 0.22% |
| 2012 | -1.11% | 5.34% | -0.01% | 0.44% |
| 2011 | -3.9% | 1.99% | -1.76% | -3.05% |
| 2010 | -2.85% | 2.7% | -2.31% | -3.08% |
| 2009 | -5.07% | 0.82% | -0.24% | -1.97% |
| 2008 | -4.72% | -3.21% | -2.76% | -1.96% |
| 2007 | -2.28% | -1.79% | -1.4% | -3.94% |
| 2006 | -0.06% | -0.56% | -0.19% | 0.01% |
| 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% | 2.63% | 1.41% | 1.37% |
| 1999 | 0.59% | 2.19% | 1.08% | 0.92% |
| 1998 | 0.62% | 2.13% | 1.36% | 0.56% |
| 1997 | -0.38% | 1.58% | 0.51% | 0.56% |
| 1996 | -1.22% | 1.05% | 0.08% | -0.76% |
| 1995 | -1.13% | 0.51% | 0.37% | -0.47% |
| 1994 | -0.65% | 1.17% | -0.14% | -0.53% |
| 1993 | -1.29% | 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.