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24.02.202614:00:00UTC+00U.S. Home Prices Flat in December as S&P/Case-Shiller 20-City Index Holds at 1.4% YoY

The U.S. housing market showed no acceleration in price gains at the end of 2025, as the S&P/Case-Shiller Home Price Index (HPI) Composite-20 non-seasonally adjusted measure rose 1.4% year-over-year in December, matching the revised 1.4% increase recorded in November 2025.

According to the latest release, updated on 24 February 2026, the December reading confirms that price growth in the 20 largest U.S. metropolitan areas has stabilized on an annual basis, with no change in the year-over-year pace between November and December. The index compares the change in prices in December 2025 with December 2024, while the prior figure measured November 2025 against November 2024.

The flat year-over-year rate suggests a period of consolidation in major-city home prices, as the market transitions away from the sharper swings seen in recent years. Investors and analysts now have a clearer signal that, at least for the close of 2025, price momentum in key metropolitan housing markets neither accelerated nor decelerated on an annual basis.

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