S&P Home Price Index Rises 3.4 Percent in March Amid Tight Affordability

Limited housing supply and steady demand drove the increase, with New York City registering the biggest annual gain among 20 metros.

A property on the market in Washington, on May 19, 2025. Madalina Vasiliu/The Epoch Times

A key housing indicator rose by 3.4 percent year over year in March, a “slight decrease” from the 4 percent annual gain in February, S&P Global said in a May 27 statement.

On a month-over-month basis, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index registered a 0.8 percent increase in March before seasonal adjustments. The index measures changes in single-family home prices across all nine U.S. Census divisions.