Homes.com released a new report indicating that U.S. home prices continued to rise in February 2025, but at a slower rate for the second consecutive month. Preliminary prices increased 2.7% year-over-year, a deceleration from January's 4.1% and December's 5.6% growth rates.
The median home price increased by $10,000 from February of last year, reaching $375,000. This moderation in pricing, coupled with an increase in the number of homes for sale, suggests a potential shift towards a buyer's market, offering more leverage for homebuyers.
The highest price appreciation was concentrated in the Northeast and Midwest, with New York leading at over 11% growth. Conversely, several Southern markets, including San Francisco, Norfolk, Tampa, and Charlotte, experienced price declines, highlighting regional disparities in the housing market.
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