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US Home Prices Decline 0.3% in April: Case-Shiller Report
ByAinvest
Tuesday, Jun 24, 2025 9:19 am ET1min read
Home prices in the US slipped more than expected in April, falling 0.3% month-over-month, according to the S&P CoreLogic Case-Shiller Home Price Index for 20 cities. This was a weaker-than-expected drop after the 0.1% decline in March, which was revised from -0.2%. The index measures home prices in 20 major cities across the US.
Home prices in the United States continued their downward trend in May 2025, with the median sale price rising by only 0.7% year-over-year, according to Redfin. This marks the slowest growth rate since June 2023, despite the median home price of $440,997 remaining at a record high for any May in records dating back to 2012 [2].The slowdown in home price growth can be attributed to a significant imbalance between the number of sellers and buyers in the market. Active listings hit a 5-year high in May, while existing-home sales reached a 7-month low. It took an average of 38 days for the typical home to go under contract, the slowest May pace since 2020 [2].
The Federal Housing Finance Agency (FHFA) House Price Index (HPI) also reported a 4.0% year-over-year increase in home prices in April, down from 4.1% in March. This indicates a slight deceleration in the rate of home price appreciation [1].
The economic calendar for Tuesday, June 19, 2025, includes several significant events that could impact the housing market. At 9:00 AM, the S&P CoreLogic Case-Shiller Home Price Index will be released for the month of April. Additionally, at 10:00 AM, Federal Reserve Chairman Jerome Powell will deliver his semi-annual monetary policy report testimony before the House Financial Services Committee, which may provide insights into future monetary policy and its potential impact on interest rates and home prices [1].
In conclusion, the US housing market continues to show signs of cooling, with home prices growing at the slowest clip since 2023. The imbalance between sellers and buyers, combined with elevated mortgage rates and economic uncertainty, is contributing to this trend. Investors and financial professionals should closely monitor the upcoming economic calendar events for further insights into the housing market's trajectory.
References:
[1] https://seekingalpha.com/news/4460964-tuesdays-economic-calendar
[2] https://www.redfin.com/news/home-prices-cool-still-at-record-may-high/
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