UPDATE: What is the Case-Shiller Index?

What is the Case-Shiller Index? A recent article by the Denver Business Journal explains the premise of the Case-Shiller Index and a list of year-over-year price changes in Denver in the recent years.. When we as REALTORS look at factoring pricing appreciation/depreciation this is one of the most trusted sources of values that we use.

“The Case-Shiller index is compiled by comparing matched-price pairs for thousands of single-family homes in each market. Prices are for resales of stand-alone single-family homes only, not for new construction or condominiums, and are meant to reflect price changes for comparable home inventory. Case-Shiller does not report actual home sales prices.

Case-Shiller is one of several popular measures of home prices, using different methodologies, covering different housing types and geographical areas, and giving somewhat different results.

The index report is produced by S&P Dow Jones Indices LLC, a subsidiary of McGraw-Hill Financial. Yale University professor Robert Shiller, who co-founded the index, was co-winner of this year’s Nobel Prize in economics.”

Here are year-over-year price changes in the Denver area from the S&P/Case Shiller Home Prices Index report for recent years:

  • January 2014: Up 8.4 percent, index 158.46.
  • December 2014: Up 8.1 percent, index 158.17.
  • November 2014: Up 7.5 percent, index 157.39.
  • October 2014: Up 7.2 percent, index 157.24.
  • September 2014: Up 6.2 percent, index 156.50.
  • August 2014: Up 6.3 percent, index 156.17.
  • July 2014: Up 6.7 percent, index 155.36.
  • June 2014: Up 7.7 percent, index 154.39.
  • May 2014: Up 8.2 percent, index 152,58.
  • April 2014: Up 8.9 percent, index 150.59.
  • March 2014: Up 9.1 percent, index 148.20.
  • February 2014: Up 9.1 percent, index 146.13.
  • January 2014: Up 9.0 percent, index 146.21.
  • December 2013: Up 9.0 percent, index 146.26.
  • November 2013: Up 8.9 percent, index 146.45.
  • October 2013: Up 9.5 percent, index 146.78.
  • September 2013: Up 9.9 percent, index 147.3.
  • August 2013: Up 10.1 percent, index 146.95.
  • July 2013: Up 9.7 percent, index 145.63.
  • June 2013: Up 9.4 percent, index 143.37.
  • May 2013: Up 9.7 percent, index 140.98.
  • April 2013: Up 9.9 percent, index 138.28.
  • March 2013: Up 9.8 percent, index 135.79.
  • February 2013: Up 9.9 percent, index 133.90.
  • January 2013: Up 9.2 percent, index 134.17.
  • December 2012: Up 8.5 percent, index 134.14
  • November 2012: Up 7.8 percent, index 134.5.
  • October 2012: Up 6.9 percent, index 134.03.
  • September 2012: Up 6.7 percent, index 134.01.
  • August 2012: Up 5.5 percent, index 133.48.
  • July 2012: Up 5.4 percent, index 132.79.
  • June 2012: Up 4.0 percent, index 131.06.
  • May 2012: Up 3.7 percent, index 128.48.
  • April 2012: Up 2.8 percent, index 125.81.
  • March 2012: Up 2.6 percent, index 123.66.
  • February 2012: Up 0.5 percent, index 121.81.
  • January 2012: Up 0.2 percent, index 122.92.
  • December 2011: Down 0.4 percent, index 123.62.
  • November 2011: Down 0.2 percent, index 124.79.
  • October 2011: Down 0.9 percent, index 125.38.
  • September 2011: Down 1.5 percent, index 125.57.
  • August 2011: Down 1.6 percent, index 126.48.
  • July 2011: Down 2.1 percent, index 125.98.
  • June 2011: Down 2.5 percent, index 125.97.
  • May 2011: Down 3.3 percent, index 123.94.
  • April 2011: Down 4.1 percent, index 122.32.
  • March 2011: Down 3.8 percent, index 120.56.
  • February 2011: Down 2.6 percent, index 121.26.
  • January 2011: Down 2.3 percent, index 122.73.
  • December 2010: Down 2.4 percent, index 124.10.
  • November 2010: Down 2.5 percent, index 125.02.
  • October 2010: Down 1.8 percent, index 126.58.
  • September 2010: Down 1.6 percent, index 127.33.
  • August 2010: Down 1.2 percent, index 128.57.
  • July 2010: Down 0.1 percent, index 128.72.

Source: Denver Business Journal