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U.S. Home Prices Post Second Straight Monthly Decline in March

U.S. Home Prices Post Second Straight Monthly Decline in March

Prices across America’s 20 largest cities fell 0.16% month over month, while annual growth slowed to 0.83%, the weakest gain since July 2023.

Fact Check
The official S&P Cotality Case-Shiller release for March 2026 (press.spglobal.com) and the CalculatedRisk summary confirm that home price growth slowed in March 2026, with the 20-City Composite showing +0.8% YoY (consistent with the claimed 0.83%, which rounds to 0.8%). CalculatedRisk reports a national MoM decline (-0.22% SA), and TradingEconomics confirms the 20-City YoY at 0.8%, easing from 0.9% in February. The specific -0.16% MoM 20-City figure could not be directly verified in the abstracted sources but is consistent with the broader pattern of declines. The 'weakest since July 2023' framing aligns with the documented deceleration trend.
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Summary

Home prices across the 20 largest U.S. cities declined 0.16% in March from the previous month, marking a second consecutive monthly drop after six straight monthly increases. On an annual basis, prices were up 0.83%, the weakest year-over-year increase since July 2023. The data points to cooling momentum in the housing market, with price growth losing strength even as values remain above year-earlier levels.

Terms & Concepts
  • Month over month (MoM): A comparison of data from one month to the previous month to track short-term changes in market trends.
  • Year over year (YoY): A comparison of a metric with the same period one year earlier to show longer-term growth or slowdown.