Redfin Reports U.S. Home Prices Grew 0.6% in January
On a year-over-year basis, prices rose
The last month that home prices grew at a quicker pace was November 2023 (
On a year-over-year basis, home prices rose
While home prices grew slightly faster in January than previous months, that speed may not continue for long, according to Redfin Senior Economist Sheharyar Bokhari.
“Price growth in January mainly relates to homes that went under contract in December. Since then we have seen a slowdown in sales, along with an uptick in homes being listed,” he said. “That’s likely to lead to slightly slower price growth moving forward because not only are homes sitting longer on the market, when they do go under contract, they are selling at nearly
Metro-Level Summary: Redfin Home Price Index, January 2025
Ten (
The biggest decline in January was in
To view the full report, including a chart and additional metro-level data, please visit: https://www.redfin.com/news/home-price-index-january-2025/
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Source: Redfin