Homes.com Report: Home Prices Rise in February, but at a Slower Rate than the Previous Two Months
Homes.com's February housing report reveals a continuing trend of rising home prices, though at a decelerating pace. The median home price rose 2.7% year-over-year to $375,000, marking a $10,000 increase from February 2023. This follows larger increases of 4.1% in January and 5.6% in December.
Price appreciation has been observed for 20 consecutive months, with the highest gains concentrated in the Northeast and Midwest regions. New York led with an 11% increase, followed by Detroit, Providence, and Chicago. Conversely, some markets experienced declines, with San Francisco dropping over 11%, along with decreases in Norfolk, Tampa, and Charlotte.
The report also notes an increase in housing inventory, suggesting a potential shift toward a buyer's market. The South showed the lowest price appreciation, with only Miami appearing among the top 10 markets for price increases, while claiming 8 of the 10 lowest price increases.
Il rapporto sul mercato immobiliare di Homes.com di febbraio rivela una tendenza continua all'aumento dei prezzi delle case, sebbene a un ritmo decrescente. Il prezzo mediano delle case è aumentato del 2,7% rispetto all'anno precedente, raggiungendo i $375.000, segnando un incremento di $10.000 rispetto a febbraio 2023. Questo segue aumenti maggiori del 4,1% a gennaio e del 5,6% a dicembre.
È stato osservato un apprezzamento dei prezzi per 20 mesi consecutivi, con i guadagni più elevati concentrati nelle regioni del Nord-Est e del Midwest. New York ha guidato con un aumento dell'11%, seguita da Detroit, Providence e Chicago. Al contrario, alcuni mercati hanno subito cali, con San Francisco che ha registrato un calo di oltre l'11%, insieme a diminuzioni a Norfolk, Tampa e Charlotte.
Il rapporto nota anche un aumento dell'inventario immobiliare, suggerendo un possibile spostamento verso un mercato a favore degli acquirenti. Il Sud ha mostrato il più basso apprezzamento dei prezzi, con solo Miami che appare tra i primi 10 mercati per gli aumenti dei prezzi, mentre detiene 8 dei 10 più bassi aumenti di prezzo.
El informe de vivienda de Homes.com de febrero revela una tendencia continua de aumento en los precios de las casas, aunque a un ritmo desacelerado. El precio medio de la vivienda aumentó un 2,7% interanualmente, alcanzando los $375,000, lo que marca un incremento de $10,000 desde febrero de 2023. Esto sigue a aumentos más grandes del 4,1% en enero y del 5,6% en diciembre.
Se ha observado una apreciación de precios durante 20 meses consecutivos, con las mayores ganancias concentradas en las regiones del Noreste y del Medio Oeste. New York lideró con un aumento del 11%, seguido de Detroit, Providence y Chicago. Por el contrario, algunos mercados experimentaron caídas, con San Francisco cayendo más del 11%, junto con disminuciones en Norfolk, Tampa y Charlotte.
El informe también señala un aumento en el inventario de viviendas, sugiriendo un posible cambio hacia un mercado favorable para los compradores. El Sur mostró la menor apreciación de precios, con solo Miami apareciendo entre los 10 principales mercados por aumento de precios, mientras que tiene 8 de los 10 aumentos de precios más bajos.
Homes.com의 2월 주택 보고서는 계속해서 상승하는 주택 가격의 추세를 보여주고 있지만, 그 속도는 둔화되고 있습니다. 중간 주택 가격은 전년 대비 2.7% 상승하여 $375,000에 도달했으며, 이는 2023년 2월보다 $10,000 증가한 수치입니다. 이는 1월 4.1% 및 12월 5.6%의 더 큰 증가에 이어진 것입니다.
가격 상승은 20개월 연속 관찰되었으며, 가장 높은 상승폭은 북동부와 중서부 지역에 집중되어 있습니다. 뉴욕은 11% 증가로 선두를 차지했습니다, 그 뒤를 이어 디트로이트, 프로비던스, 시카고가 있습니다. 반대로, 일부 시장은 하락세를 보였으며, 샌프란시스코는 11% 이상 하락했습니다, 노포크, 탬파, 샬럿에서도 감소가 있었습니다.
보고서는 또한 주택 재고가 증가하고 있음을 언급하며, 이는 구매자 시장으로의 잠재적 전환을 시사합니다. 남부 지역은 가격 상승률이 가장 낮았으며, 마이애미만이 가격 상승의 상위 10개 시장에 등장했으며, 10개 시장 중 8개는 가장 낮은 가격 상승률을 기록했습니다.
Le rapport sur l'immobilier de Homes.com pour février révèle une tendance continue à la hausse des prix des maisons, bien que le rythme soit en ralentissement. Le prix médian des maisons a augmenté de 2,7% d'une année sur l'autre pour atteindre 375 000 $, marquant une augmentation de 10 000 $ par rapport à février 2023. Cela fait suite à des augmentations plus importantes de 4,1 % en janvier et de 5,6 % en décembre.
Une appréciation des prix a été observée pendant 20 mois consécutifs, avec les gains les plus élevés concentrés dans les régions du Nord-Est et du Midwest. New York a mené avec une augmentation de 11%, suivi de Detroit, Providence et Chicago. En revanche, certains marchés ont connu des baisses, avec San Francisco chutant de plus de 11%, ainsi que des diminutions à Norfolk, Tampa et Charlotte.
Le rapport note également une augmentation de l'inventaire de logements, suggérant un potentiel changement vers un marché favorable aux acheteurs. Le Sud a montré la plus faible appréciation des prix, avec seulement Miami apparaissant parmi les 10 premiers marchés pour les augmentations de prix, tout en revendiquant 8 des 10 augmentations de prix les plus basses.
Der Immobilienbericht von Homes.com für Februar zeigt einen anhaltenden Trend steigender Immobilienpreise, jedoch mit einer verlangsamten Wachstumsrate. Der Medianpreis für Häuser stieg um 2,7% im Jahresvergleich auf $375.000, was einem Anstieg von $10.000 seit Februar 2023 entspricht. Dies folgt auf größere Anstiege von 4,1% im Januar und 5,6% im Dezember.
Preiserhöhungen wurden 20 Monate in Folge beobachtet, wobei die höchsten Zuwächse in den Regionen Nordosten und Mittlerer Westen konzentriert sind. New York führte mit einem Anstieg von 11%, gefolgt von Detroit, Providence und Chicago. Im Gegensatz dazu erlebten einige Märkte Rückgänge, wobei San Francisco um über 11% fiel, ebenso wie Rückgänge in Norfolk, Tampa und Charlotte.
Der Bericht weist auch auf einen Anstieg des Wohnungsangebots hin, was auf eine mögliche Verschiebung hin zu einem Käufermarkt hindeutet. Der Süden zeigte die geringste Preissteigerung, wobei nur Miami unter den Top 10 Märkten für Preiserhöhungen auftauchte und 8 der 10 niedrigsten Preissteigerungen beanspruchte.
- 20 consecutive months of year-over-year price increases
- Median home price up $10,000 YoY to $375,000
- Strong price appreciation in Northeast/Midwest markets (NY +11%)
- Increasing housing inventory improving market balance
- Price appreciation rate declining (from 5.6% to 2.7% in 2 months)
- Price declines in major markets (San Francisco -11%)
- 8 of 10 lowest price increases in Southern markets
Insights
The latest Homes.com report from CoStar Group reveals a notable moderation in home price growth, with
This price growth moderation combined with increasing inventory signals a potential market rebalancing that could benefit CoStar's marketplace platforms. While cooling price growth might appear concerning at first glance, a more balanced market typically generates higher transaction volumes—a positive for CoStar's listing services and data products that generate revenue from market activity rather than simply price appreciation.
The significant regional disparities highlighted in the report—with Northeast and Midwest markets seeing robust growth while several Southern markets experienced actual price declines—demonstrate the value of CoStar's granular data analytics capabilities. New York's
For investors, this report showcases CoStar's data analytics prowess and reinforces their position as a leading provider of real estate market intelligence. The potential shift toward a more buyer-friendly market could drive increased engagement with CoStar's platforms as more consumers enter previously prohibitive markets, potentially expanding their user base and advertising opportunities.
The median home price increased
Chart 1 Home Prices (Graphic: Business Wire)
Preliminary prices increased
In addition to the rate of price appreciation declining, February also saw an increase in the number of homes for sale. This moderation in pricing and increase in the supply of for-sale homes means more leverage for homebuyers, and could tilt market conditions towards a buyer’s market and away from a seller’s market.
Highest price appreciation concentrated in the Northeast and Midwest, lowest in the South. Of the 10 markets with the largest price increases, 4 were in the Northeast, and 4 were in the Midwest.
The data shared in this report could experience a slight shift once all home sales are accounted for. Melina Duggal, Senior Director of Market Analytics at CoStar Group and Homes.com, is available for interviews to provide expert insights on this data and the residential real estate market in general. For more information and insight on the latest home buying and selling market trends visit: Homes.com
About Homes.com
Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in
Homes.com is the first major
The Homes.com Network reached an audience of 110 million average monthly unique visitors in the fourth quarter ending December 31, 2024.** Consumer brand awareness skyrocketed from
*Based on internal analyses comparing Members to non-Members on Homes.com.
** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended December 31, 2024, according to Google Analytics.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is the global leader in commercial real estate information, analytics, and online marketplaces. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands include STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the
CoStar Group’s websites attracted over 163 million average monthly unique visitors in the third quarter of 2024, serving clients worldwide. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250307092266/en/
News Media Contact
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costargroup.com
Source: CoStar Group
FAQ
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