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U.S. housing market gains momentum as prices rise 3.9% in February 2025
Posted on April 30, 2025 |
U.S. home prices rose 3.9% year-over-year in February 2025, slightly lower than January’s 4.1% growth.
The 10-City Composite increased 5.2%, while the 20-City Composite rose 4.5% annually.
New York led price gains with a 7.7% annual rise, followed by Chicago (7.0%) and Cleveland (6.6%).
Tampa saw the largest decline, with home prices falling 1.5% year-over-year.
On a monthly basis, the National Index rose 0.4% before seasonal adjustment and 0.3% after.
San Francisco (1.8%), Seattle (1.6%), and Los Angeles (1.5%) posted the strongest monthly gains.
Tampa and Miami slipped 0.3% month-over-month; Charlotte remained nearly flat.
Despite high mortgage rates near 6%, tight housing supply continues to support prices across most markets.