The pace of U.S. home price gains slowed in June 2026, with the S&P/Case-Shiller 20-City Home Price Index (non-seasonally adjusted) rising 0.4% month-over-month, down from a 0.9% increase in May. The latest data, updated on 25 August 2026, signal a moderation in price momentum across major metropolitan housing markets.
On a month-over-month basis, the index’s June performance shows that while prices are still climbing, they are doing so at a weaker rate than in the prior month. In May 2026, prices advanced 0.9% compared with April, but June’s 0.4% rise indicates that upward pressure on home values in the 20-city composite has eased.
The comparison framework for this release is strictly month-over-month: the “actual” figure reflects the change from May to June, while the “previous” reading measures the change from April to May. This deceleration will be closely watched by market participants assessing whether the U.S. housing market is transitioning from rapid appreciation toward a more gradual price trajectory.
