US Annual Home Price Growth Has Returned To Pre-Pandemic Speeds

By Mark Worley
Redfin.com
January 21, 2025
Category: Finance & Economics
Region: United States

U.S. home prices rose 0.4% from a month earlier in December on a seasonally adjusted basis, slightly slower than the 0.5% growth posted in November. This is according to the Redfin Home Price Index (RHPI). …On a year-over-year basis, home prices closed the 2024 calendar year up 5.4%. That was the second-smallest annual increase in a calendar year since Redfin started tracking the RHPI in 2013, only trailing 2015 (5.2%). 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. 

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