US Median Home List Prices Fall for Tenth Straight Month
Median list prices dropped year-over-year for ten months while the Case-Shiller index rose 1.5 percent in June.
Key points
- Median US home list prices dropped year-over-year for ten consecutive months.
- The Case-Shiller National Index rose 1.5 percent year-over-year in June.
- The Composite 10 index increased 2.9 percent over the same period.
Median US home list prices fell year-over-year for the tenth consecutive month. This decline marks a sustained break from the sharp increases seen in previous years.
Realtor.com data shows list prices peaked in 2022 and have remained flat since. The current downward trend suggests further softening through the end of the year.
National Price Index Trends
The Case-Shiller National Index rose 1.5 percent year-over-year in June. This figure follows three consecutive months of month-over-month declines.
The Composite 10 index increased 2.9 percent over the same period. The Composite 20 index posted a 2.1 percent annual gain.
Seasonal Adjustments and Momentum
Seasonally adjusted national prices grew 0.13 percent from May to June. This modest gain indicates stabilization after recent monthly drops.
June typically marks the annual peak for median pricing activity. Analysts expect this metric to decline steadily until December.
Market Context and Data Sources
This analysis appears in a Substack report covering mid-September 2026. The publication provides a detailed breakdown of housing market fundamentals.
Median prices can be distorted by changing property mix. However, the sustained year-over-year decline signals genuine market cooling.
