Get the June 2025 Home Price Index Report

Inside this Month's Report

“The great house price slowdown continues, with seven consecutive months of annual price deceleration," said Mark Fleming, chief economist at First American. “As inventory builds in certain parts of the country, price cuts serve as a way to entice buyers. Meanwhile, demand still grapples with the weight of affordability constraints. These trends have led to a national house price slowdown—a clear signal that the market is shifting back toward buyers after being so firmly in sellers’ favor during the pandemic years. Yet, it’s important to remember that many potential sellers—especially those who purchased their homes during the pandemic or earlier—continue to benefit from positive, albeit slower, price appreciation. Price growth that’s not too hot and not too cold may be just the ‘Goldilocks’ scenario needed to restore balance to the housing market.”