Homes.com released a new report indicating that U.S. home price increases slowed for the third consecutive month in March 2025. Year-over-year, prices rose 2.2%, a further deceleration from February's 2.7% and January's 3.6% growth rates.
The national median home price increased by $8,000 from March of last year, reaching $380,000. This trend, combined with an increase in homes for sale and a slight decline in mortgage rates, suggests a shift away from a seller's market towards a buyer's market.
The Northeast and Midwest continued to exhibit the strongest price appreciation, with Cleveland leading with over 10% growth in the past year. Conversely, four markets, including Orlando, Jacksonville, San Francisco, and Tampa, experienced price declines, indicating varied regional market conditions.
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