by Calculated Risk on 6/24/2025 09:39:00 AM

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 2.7% year-over-year in April

Excerpt:

S&P/Case-Shiller released the monthly Home Price Indices for April ("April" is a 3-month average of February, March and April closing prices). February closing prices include some contracts signed in December, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

The MoM decrease in the seasonally adjusted (SA) Case-Shiller National Index was at -0.51% (a -4.8% annual rate). This was the second consecutive MoM decrease.

On a seasonally adjusted basis, prices increased month-to-month in just 5 of the 20 Case-Shiller cities. San Francisco has fallen 6.4% from the recent peak, Tampa is down 2.7% from the peak, and Denver down 2.0%.