S&P Cotality Case-Shiller Index Reports Annual Gain in July 2026
Key Highlights
- ➤U.S. National home prices rose 1.9% year over year in July 2026
- ➤20-City Composite home prices rose 2.5% year over year in July
- ➤Chicago home prices gained 6.9% year over year, leading all 20 cities
- ➤Seattle home prices fell 1.6% year over year, weakest among 20 cities
- ➤Real home values declined for the 14th consecutive month
Expert Statements
Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices
“While home prices continued to decline in real terms in July 2026, marking the 14th consecutive month of real declines, slightly lower inflation and stronger nominal home price appreciation helped narrow the gap.”
Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices
“In July 2026, the S&P CoreLogic Case-Shiller National Home Price Index posted a 1.9% annual gain, up from 1.6% in June. During the same period, consumer prices posted a 3.4% annual gain, down slightly from 3.5% in June.”
Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices
“For the fifth consecutive month, Chicago led all metros with a 6.9% annual gain in July, followed by New York (5.8%) and Cleveland (4.2%).”
Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices
“Meanwhile, Seattle posted the largest annual decline for the second consecutive month, falling 1.6%, followed by Las Vegas (-1.3%) and Denver (-1.1%).”
Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices
“The years-long East-West divide persists, with six out of the eight Eastern metropolitan markets recording greater year-over-year changes in July versus June, compared with just two of the eight Western metropolitan markets.”
Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices
“In a notable departure from typical seasonal patterns, the non-seasonally adjusted National and Composite indices recorded monthly gains smaller than their seasonally adjusted counterparts.”
Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices
“Although inflation remained elevated at 3.4%, much of the increase was concentrated in energy, with energy and gasoline prices rising 14.7% and 24.6%, respectively.”
Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices
“By contrast, core inflation, which excludes food and energy, rose only 2.5% year over year.”
S&P Cotality Case-Shiller Index Reports Annual Gain in July 2026 PR Newswire
* The S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 1.9% annual gain for July 2026, up from a 1.6% rise in the previous month. * U.S. home values fell in real terms for the 14th consecutive month, as July's 3.4% inflation ran roughly 1.5 percentage points above the 1.9% home price gain. * A nearly 9 percentage point gap separated July's strongest market (Chicago +6.9% YoY) and its weakest (Seattle -1.6% YoY), underscoring a stark regional divergence in home price trends. NEW YORK, Sept. 29, 2026 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the July 2026 results for the S&P Cotality Case-Shiller Indices.
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