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Redfin Reports U.S. Home Prices Rose 0.4% in December

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Redfin (NASDAQ: RDFN) reports U.S. home prices increased 0.4% month-over-month in December 2024, following November's 0.5% growth. The year-over-year price growth of 5.4% marked the smallest annual increase since 2015 and second smallest since 2013, according to the Redfin Home Price Index (RHPI).

Among the 50 most populous U.S. metro areas, 15 (30%) experienced price declines in December. The largest drops were in Tampa (-1.3%), Atlanta (-0.9%), and Miami (-0.7%). Conversely, the highest gains were in Pittsburgh (1.9%), Cleveland (1.5%), and St. Louis (1.3%).

Redfin Senior Economist Sheharyar Bokhari predicts steady price growth throughout 2025, citing insufficient inventory to meet buyer demand despite expected increases in sales due to pent-up demand.

Redfin (NASDAQ: RDFN) riporta che i prezzi delle case negli Stati Uniti sono aumentati dello 0,4% mese su mese a dicembre 2024, dopo una crescita dello 0,5% a novembre. La crescita dei prezzi su base annuale del 5,4% ha segnato l'aumento annuale più piccolo dal 2015 e il secondo più piccolo dal 2013, secondo il Redfin Home Price Index (RHPI).

Tra le 50 aree metropolitane statunitensi più popolose, 15 (30%) hanno registrato cali dei prezzi a dicembre. I cali più significativi sono stati a Tampa (-1,3%), Atlanta (-0,9%) e Miami (-0,7%). Al contrario, i guadagni più elevati si sono registrati a Pittsburgh (1,9%), Cleveland (1,5%) e St. Louis (1,3%).

Il Senior Economist di Redfin, Sheharyar Bokhari, prevede una crescita stabile dei prezzi per tutto il 2025, citando l'insufficienza dell'inventario per soddisfare la domanda dei compratori nonostante gli aumenti attesi nelle vendite a causa della domanda accumulata.

Redfin (NASDAQ: RDFN) informa que los precios de las viviendas en EE. UU. aumentaron un 0,4% mes a mes en diciembre de 2024, después de un crecimiento del 0,5% en noviembre. El crecimiento del precio interanual del 5,4% marcó el aumento anual más pequeño desde 2015 y el segundo más pequeño desde 2013, según el Redfin Home Price Index (RHPI).

Entre las 50 áreas metropolitanas más pobladas de EE. UU., 15 (30%) experimentaron caídas de precios en diciembre. Las mayores caídas se registraron en Tampa (-1,3%), Atlanta (-0,9%) y Miami (-0,7%). En cambio, las mayores ganancias se observaron en Pittsburgh (1,9%), Cleveland (1,5%) y St. Louis (1,3%).

El economista senior de Redfin, Sheharyar Bokhari, predice un crecimiento constante de los precios durante 2025, citando la insuficiencia de inventario para satisfacer la demanda de los compradores, a pesar de los aumentos esperados en las ventas debido a la demanda acumulada.

레드핀(Redfin) (NASDAQ: RDFN)에 따르면, 2024년 12월 미국의 주택 가격은 11월의 0.5% 성장에 이어 전월 대비 0.4% 증가했습니다. 5.4%의 연간 가격 성장률은 2015년 이후 가장 작은 연간 상승률이며, 2013년 이후 두 번째로 작은 수치입니다. 이는 레드핀 주택 가격 지수(RHPI)에 따른 것입니다.

미국에서 50개의 인구가 가장 많은 대도시 지역 중 15곳(30%)에서 12월에 가격 하락이 발생했습니다. 가장 큰 하락폭은 탬파(-1.3%), 애틀랜타(-0.9%), 마이애미(-0.7%)에서 기록되었습니다. 반대로, 가장 큰 상승폭은 피츠버그(1.9%), 클리브랜드(1.5%), 세인트루이스(1.3%)에서 나타났습니다.

레드핀의 수석 경제학자 셰하리야르 보카리(Sheharyar Bokhari)는 2025년 내내 안정적인 가격 상승을 예측하며, 보류된 수요로 인한 판매 증가에도 불구하고 구매자의 수요를 충족할 재고가 부족하다고 밝혔습니다.

Redfin (NASDAQ: RDFN) rapporte que les prix des maisons aux États-Unis ont augmenté de 0,4 % d'un mois à l'autre en décembre 2024, après une croissance de 0,5 % en novembre. La croissance des prix sur un an de 5,4 % a marqué la plus petite augmentation annuelle depuis 2015 et la deuxième plus petite depuis 2013, selon le Redfin Home Price Index (RHPI).

Parmi les 50 zones métropolitaines les plus peuplées des États-Unis, 15 (30 %) ont connu des baisses de prix en décembre. Les plus fortes baisses ont été enregistrées à Tampa (-1,3 %), Atlanta (-0,9 %) et Miami (-0,7 %). En revanche, les plus fortes augmentations ont été observées à Pittsburgh (1,9 %), Cleveland (1,5 %) et St. Louis (1,3 %).

Sheharyar Bokhari, économiste senior chez Redfin, prédit une croissance stable des prix tout au long de 2025, en raison d'un inventaire insuffisant pour répondre à la demande des acheteurs, malgré les augmentations prévues des ventes en raison de la demande accumulée.

Redfin (NASDAQ: RDFN) berichtet, dass die US-Hauspreise im Dezember 2024 im Vergleich zum Vormonat um 0,4% gestiegen sind, nachdem sie im November um 0,5% gewachsen waren. Das jährliche Preiswachstum von 5,4% stellt den kleinsten jährlichen Anstieg seit 2015 und den zweitkleinsten seit 2013 dar, gemäß dem Redfin Home Price Index (RHPI).

Unter den 50 bevölkerungsreichsten US-Stadtgebieten haben 15 (30%) im Dezember einen Preisrückgang erlebt. Die größten Rückgänge wurden in Tampa (-1,3%), Atlanta (-0,9%) und Miami (-0,7%) verzeichnet. Im Gegensatz dazu waren die höchsten Zuwächse in Pittsburgh (1,9%), Cleveland (1,5%) und St. Louis (1,3%).

Der leitende Ökonom von Redfin, Sheharyar Bokhari, prognostiziert ein stabiles Preiswachstum im Jahr 2025 und führt die unzureichende Verfügbarkeit von Immobilien an, um die Nachfrage der Käufer zu befriedigen, obwohl ein Anstieg der Verkäufe aufgrund von aufgestauter Nachfrage erwartet wird.

Positive
  • Home prices increased 0.4% month-over-month in December
  • 5.4% year-over-year price growth in 2024
  • Some metro areas showed significant gains, with Pittsburgh leading at 1.9%
Negative
  • Slowest annual price growth since 2015
  • 30% of major metro areas experienced price declines
  • Persistent inventory shortage limiting market growth potential

Insights

The 0.4% monthly and 5.4% annual price growth reveals a controlled market expansion despite persistent inventory constraints. The slowest annual growth since 2015 suggests a market recalibration rather than a bubble formation. The geographical divergence is particularly telling - while Sunbelt markets like Tampa (-1.3%) and Miami (-0.7%) show price corrections, Midwest markets like Pittsburgh (1.9%) and Cleveland (1.5%) demonstrate resilience. This regional shift indicates a broader market rebalancing, potentially driven by remote work migration patterns and affordability concerns. The steady price growth forecast for 2025 reflects structural supply limitations rather than speculative demand, distinguishing this from pre-2008 conditions. Think of it as a pressure cooker with a working release valve - prices are rising but at a controlled pace due to market mechanisms.

The data presents a nuanced market dynamic where price growth is moderating but remains positive, indicating a shift toward sustainable appreciation patterns. The 30% of major metros experiencing price declines suggests localized market corrections rather than systemic weakness. The contrast between Sunbelt and Rust Belt performance is particularly significant - it represents a departure from historical trends where Sunbelt markets typically led growth metrics. This geographic redistribution of price appreciation could signal a fundamental shift in regional economic competitiveness. For retail investors, this environment suggests opportunities in markets with strong fundamentals but moderate price growth, particularly in midwest metros showing consistent appreciation. The steady growth projection aligns with fundamental supply-demand imbalances rather than speculative forces, indicating a more stable long-term investment environment.

On a year-over-year basis, home prices rose 5.4% in December, the smallest annual increase since 2015

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — U.S. home prices grew 0.4% from a month earlier in December on a seasonally adjusted basis, slightly faster than the 0.5% growth posted in November. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

On a year-over-year basis, home prices closed the 2024 calendar year up 5.4%. That was the smallest annual increase in a calendar year since 2015 and the second smallest since 2013. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.

Redfin predicts home prices will continue to rise steadily throughout 2025, growing at a similar rate to 2024.

“Prices will keep going up consistently because it’s unlikely there will be enough new inventory to meet buyer demand,” said Redfin Senior Economist Sheharyar Bokhari. “We expect there will be slightly more sales this year, largely due to pent-up demand, but there won’t be enough of an increase in listing activity to put significant downward pressure on prices.”

Metro-Level Summary: Redfin Home Price Index, December 2024

Fifteen (30%) of the 50 most populous U.S. metro areas recorded a seasonally adjusted drop in home prices in December, month over month.

The biggest decline in December was in Tampa, FL (-1.3%), followed by Atlanta (-0.9%) and Miami (-0.7%). The highest month over month gains were recorded in Pittsburgh, PA (1.9%), Cleveland (1.5%) and St. Louis, MO (1.3%).

To view the full report, including a chart and additional metro-level data, please visit: https://www.redfin.com/news/home-price-index-december-2024

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.6 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.

Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.

Contact Redfin

Redfin Journalist Services:

Angela Cherry

press@redfin.com

Source: Redfin

FAQ

What was RDFN's reported home price growth in December 2024?

Redfin reported a 0.4% month-over-month increase in U.S. home prices for December 2024.

Which cities showed the biggest home price declines in December 2024 according to RDFN?

Tampa (-1.3%), Atlanta (-0.9%), and Miami (-0.7%) showed the largest price declines among major metro areas.

What is Redfin's (RDFN) price growth forecast for 2025?

Redfin predicts home prices will continue to rise steadily throughout 2025 at a similar rate to 2024.

How does RDFN's reported 2024 annual price growth compare to historical data?

The 5.4% annual price growth in 2024 was the smallest increase since 2015 and the second smallest since 2013.

Which metropolitan areas showed the highest price gains in December 2024 according to RDFN?

Pittsburgh (1.9%), Cleveland (1.5%), and St. Louis (1.3%) recorded the highest month-over-month gains.

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