Year-over-year, home prices grew in February but remain lower than the year-over-year growth seen in January
April 2, 2025
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Home prices grew a little year-over-year, but stayed well below their 2021 peak.
Home prices are growing, although the change is relatively small. According to the Calculated Risk blog, citing data from Freddie Mac, home prices increased by 3.4% year-over-year as of February 2025. However, this is lower than January’s 3.6% rise. Comparatively, home prices hit a peak in July 2021, when they grew by 19% and hit a low of 0.9% in May 2023. Over the past three months, home prices have grown at an annualized rate of 2.2%, while the six-month annualized growth rate stands at 4.3%.
As of February, 15 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peaks are in D.C. (-3.6), Delaware (-1.8%), Mississippi (-1.3%), Louisiana (-1.1%), Arkansas (-1.0%) and Florida (-0.9%).Read more
