United States house prices edge up in July 2026

House prices in the United States continued to rise in July 2026, according to the Federal Housing Finance Agency. The agency's seasonally adjusted house price index, which uses January 1991 as its base period set at 100, stood at 443.21 in July 2026. That compares with 442.35 in June 2026, a rise of 0.2% on the previous month, based on Housing Market Group calculations from the agency's figures.

The annual comparison shows a larger gain. In July 2025 the index was 432.19, according to the Federal Housing Finance Agency. Measured against that level, the July 2026 reading was 2.5% higher, according to HMG calculations from the agency's data. National house prices on this measure were therefore clearly above their level of a year earlier, even though the latest monthly increase was small.

The path of the index over recent months has not been entirely smooth. The Federal Housing Finance Agency's figures put the index at 441.31 in March 2026, after which it dipped to 440.69 in April 2026. It then recovered to 442.17 in May 2026 and edged up to 442.35 in June 2026 before reaching 443.21 in July 2026. After the April dip, the index rose in each of the following months shown here, and the July 2026 figure is above every earlier month covered in this article.

Because the series is seasonally adjusted, the agency has removed the regular swings in prices that tend to recur at the same time each year. This makes month-to-month movements easier to compare, as changes such as the April 2026 dip or the July 2026 increase are less likely to reflect normal seasonal patterns in buying and selling activity.

The figures discussed here describe the United States as a whole and do not show how prices moved in individual states or metropolitan areas, where conditions can differ from the national picture. They also do not include comparisons with other countries or Housing Market Group's own platform data on search demand and listings for this period. On the national measure alone, the index in July 2026 was modestly higher than in June 2026 and noticeably higher than in July 2025.