by Calculated Risk on 7/01/2025 04:39:00 PM
From Cotality (formerly CoreLogic): US home price insights — July 2025
Spring homebuying season continues to be defined by slower price growth and tepid home buying activity.
• Year-over-year price growth dipped to 1.8% in May 2025, down from 5% price growth last May and slowest since the winter of 2012.
• Seasonal increase in home prices continues to be weak, up 0.3% compared to the month before, and less than half of 0.8% increase typically seen between April and May
• In more affordable Midwestern markets, such as Indianapolis, Kansas City, and Knoxville, as well as markets surrounding New York metro, seasonal gains in May continued to outperform pre-pandemic trends
• Illinois, up 6.4% year-over-year entered the top 5 states with the highest home price growth, following Rhode Island, New Jersey, Wyoming and Connecticut which all continue to record more than triple the national rate of price growth
• Florida, Texas, Hawaii, and Washington D.C. reported negative home price growth.
emphasis added
House prices are under pressure with more inventory and sluggish sales.
