Home prices are increasing rapidly in the Midwest, with Milwaukee, Detroit, and Cleveland seeing significant median home-sale price rises. In contrast, Texas and Florida experienced the largest price declines due to higher supply. Nationwide, median home prices rose 3% year-over-year to about $425,000, while pending sales fell over 6%, the largest drop since September 2023. The typical home was on the...
US Home Prices
Home prices in the U.S. rose by 3.4% year-over-year in December 2024, with a slight month-over-month increase of 0.03%. The CoreLogic forecast predicts a 0.2% drop in prices from December 2024 to January 2025, followed by a 4.1% increase by December 2025. Despite improved housing supply, buyer demand remains low, affecting price growth. The median sales price for single-family homes reached $390,000....