The spring homebuying season is fading as external pressures continue to weigh on price growth across the nation.
- Year-over-year price growth slowed to 2.0% in April 2025, with single-family detached homes still growing at 2.46% annual rate while single-family attached homes posted a 0.08% decline — the first annual decline since 2012.
- Wyoming entered the top 5 states with the highest year-over-year home price growth.
- Markets with continued largest home price gains this spring remain in Northeast and Midwest, particularly more affordable areas surrounding large expensive metros.
- Florida, Texas, Hawaii, and Washington D.C. reported negative home price growth
“Housing market headwinds continue to challenge homebuying demand, but improved for-sale supply is providing buyers with more options and helping keep softer price pressures for those looking to buy this spring. And while annual home price growth has slowed considerably, home prices this spring have held up, and gains have mostly mirrored trends seen pre-pandemic. This is encouraging given the fears that consumer sentiment has faltered. Cotality’s home price forecast for the coming month expects the solid home price trend to continue," said Cotality’s Chief Economist, Dr. Selma Hepp.
Affordability meter
Source: Cotality
"With more visibility around tariffs, diminishing concerns about an economic recession, and more homes for sale, the homebuying market could see some improved optimism and more activity going forward."
