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U.S house price index, S&P/Case-Shiller, seasonally adjusted (1990=100)
United States
Real estate price trends in the United States.
We use the Federal Housing Finance Agency (FHFA) quarterly 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 | |
2023 | -0.29% | |||
2022 | 1.25% | -0.18% | -0.83% | 0.01% |
2021 | 1.88% | 2.62% | 2.85% | 2.5% |
2020 | 1.02% | 1.14% | 3.79% | 3.99% |
2019 | -0.07% | 0.6% | 1.15% | 1.85% |
2018 | 0.6% | 0.24% | 0.9% | 1.75% |
2017 | 0.24% | 1.15% | 0.88% | 1.64% |
2016 | 0.6% | 0.27% | 1.39% | 1.62% |
2015 | 0.64% | 0.26% | 1.48% | 2.13% |
2014 | -0.28% | 0.2% | 1.02% | 3.09% |
2013 | 1% | 1.61% | 1.1% | 1.37% |
2012 | -0.94% | 1.47% | 0.45% | 2.23% |
2011 | -4.43% | -0.72% | -0.01% | 0.76% |
2010 | -1.28% | -1.06% | -1.88% | -1.24% |
2009 | -1.42% | -2.1% | -0.71% | -0.44% |
2008 | -3.94% | -5.17% | -2.79% | 1.08% |
2007 | -0.98% | -2.28% | -1.37% | -2.76% |
2006 | -0.31% | -1.09% | 0.19% | 0.99% |
2005 | 0.87% | 1.97% | 0.45% | 2.85% |
2004 | 0.46% | 1.59% | 2.21% | 2.35% |
2003 | -0.24% | 1.92% | 1.47% | 2.71% |
2002 | 0.61% | 1.23% | 1.28% | 2.07% |
2001 | 0.59% | 0.5% | 1.39% | 2.49% |
2000 | 0.09% | 1.08% | 0.77% | 1.59% |
1999 | 0.76% | 0.82% | 0.43% | 1.28% |
1998 | 0.85% | 0.99% | 0.96% | 1.34% |
1997 | -0.09% | 0.41% | 0.19% | 1.12% |
1996 | -0.54% | -0.1% | -0.1% | 0.17% |
1995 | -0.45% | -0.02% | 0.49% | 0.47% |
1994 | -0.16% | 0.26% | -0.52% | 0.26% |
1993 | -1.02% | 0.62% | 0.3% | 0.52% |
1992 | -0.09% | -0.93% | 0.38% | 0.06% |
1991 | -0.7% | -0.77% | 0.74% |
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.