Pending home sales, which measures signed contracts on existing homes, rose by 6.1% in March 2025 which was the largest monthly increase since December 2023—according to the National Association of REALTORS®. Falling mortgage rates and seasonal trends contributed to the surge, along with an 8.1% increase in housing inventory.
The Case-Shiller Home Price Index, which tracks how home prices change, showed prices went up 0.3% in February. Compared to last year, home prices are up 3.9%. That’s a bit slower than the 4.1% reported before because prices were rising faster at this time last year.
Big cities are doing even better. The 10 biggest cities saw prices go up 5.2%, and the 20 biggest rose 4.5%.
The FHFA, which tracks home appreciation on single-family homes with conforming loan amounts, showed prices rose 0.1% in February. Year over year, prices are up 3.9%, down from 5% in the last report. That’s because last year’s numbers were much stronger.
Overall, home prices are still going up each month, but not as fast as they were last year.
Sources :
Pending Home Sales
S&P Cotality Case-Shiller U.S. National Home Price Index (CSUSHPINSA) | FRED
https://www.fhfa.gov/