• S&P CoreLogic Case-Shiller Indices show 2.7% annual gain in April 2025
• Down from 3.4% in March 2025
• 10-City Composite: 4.1% annual increase
• 20-City Composite: 3.4% annual increase
• New York reports highest annual gain among cities
• More than 27 years of historical data available online
• Full data series available at https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/
S&P Dow Jones Indices (S&P DJI) released the April 2025 results for the S&P CoreLogic Case-Shiller Indices, indicating a 2.7% annual gain, a slight decrease from the 3.4% recorded in March 2025. This marks the slowest year-over-year appreciation since mid-2023 [1].
The U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 2.7% annual return in April, down from a 3.4% annual gain in March. The 10-City Composite Index saw an annual increase of 4.1%, down from 4.8% in March, while the 20-City Composite posted a year-over-year increase of 3.4%, down from 4.1% in March [1].
New York led all cities with a robust 7.9% annual gain in April, followed by Chicago and Detroit with annual increases of 6.0% and 5.5%, respectively. In contrast, Tampa posted the lowest return, falling 2.2% year-over-year [1].
The pre-seasonally adjusted U.S. National Index saw slight upward trends in April, posting gains of 0.6%, while the 10-City and 20-City Composites both reported gains of 0.7%. However, after seasonal adjustment, the U.S. National Index posted a decrease of -0.4%, and both the 10-City and 20-City Composites saw a -0.3% decrease [1].
Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices, stated, "The housing market continued its gradual deceleration in April, with annual price gains slowing to their most modest pace in nearly two years. This rotation signals a maturing market that's increasingly driven by fundamentals rather than speculative fervor" [1].
The S&P CoreLogic Case-Shiller Indices have more than 27 years of historical data available online, with the full data series accessible at [https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/](https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/) [2].
References:
[1] https://finance.yahoo.com/news/p-corelogic-case-shiller-index-144200025.html
[2] https://www.prnewswire.com/news-releases/sp-corelogic-case-shiller-index-records-2-7-annual-gain-in-april-2025--302489810.html
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