FX.co ★ U.S. Home Prices Hold Steady as S&P/CS 20-City Index Posts Flat Growth in December

The U.S. housing market showed no additional momentum at the end of 2025, as the S&P/Case-Shiller Home Price Index (HPI) Composite-20 seasonally adjusted measure posted a 0.5% month-over-month gain in December, unchanged from November’s 0.5% increase.

According to data updated on 24 February 2026, the index’s December reading confirms that price growth in major U.S. metropolitan areas remained stable rather than accelerating or cooling further. On a month-over-month basis, the “actual” figure for December is measured against November, while the “previous” figure for November is measured against October, highlighting that the pace of price appreciation has effectively plateaued at the same rate for two consecutive months.

The steady 0.5% advance suggests that, at year-end, the 20-city housing market continued to experience moderate, consistent price gains, with no fresh signal of either renewed overheating or a sharp slowdown based on this comparison period.