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Case-Shiller July 2026: Home Prices Up 1.9%, Chicago Leads

  • by- Grihik
  • Oct 1, 2026
The Case-Shiller national index rose 1.9% in July. Chicago led at 6.9% while Seattle fell 1.6%. See the full city rankings and inflation gap.
Case-Shiller July 2026: Home Prices Up 1.9%, Chicago Leads

The S&P Cotality Case-Shiller U.S. National Home Price Index rose 1.9% year over year in July, up from 1.6% in June, S&P Dow Jones Indices reported on September 29. The 10-City Composite gained 3.4% and the 20-City Composite gained 2.5%.

Winners and losers

  • Chicago: +6.9% (top performer for the fifth straight month)

  • New York: +5.8%

  • Cleveland: +4.2%

  • Seattle: -1.6% (weakest)

  • Las Vegas: -1.3%

  • Denver: -1.1%

The nearly 9-point gap between Chicago and Seattle underlines a wide East-West divide. Six of eight Eastern metros improved in annual terms versus June, compared with only two

 

of eight in the West. (Detroit's July figure was unavailable because of recording delays in Wayne County.)

The inflation gap

Consumer prices rose 3.4% over the same period, so home values fell in real terms for the 14th consecutive month. S&P analyst Rebecca Kaufman pointed to energy, where prices jumped 14.7%, while core inflation was 2.5%.

Other price gauges

The Federal Housing Finance Agency's index rose 2.6% from a year earlier in July, according to CalculatedRisk's summary. After seasonal adjustment, the Case-Shiller national index rose 0.3% from June.

FAQ

Which US city has the fastest-rising home prices? Chicago, at 6.9% year over year in July. Are US home prices falling? Nominal prices are rising 1.9%, but after inflation they are lower.