Get the September 2025 Home Price Index Report

Gain insights into market changes with accelerated access to the prior month's data. Fill out the form to download your copy of the First American Data & Analytics September 2025 Home Price Index Report.

Inside this Month's Report

“The housing market’s steadily unfolding cooldown has now reached 10 consecutive months of slowing annual price appreciation,” said Mark Fleming, chief economist at First American. “Nationally, house prices are now 0.7 percent below their peak in May as demand adjusts to affordability constraints and inventory improves. For buyers, who are often first sellers, today’s market offers more choices and greater negotiating power, as annual price appreciation slows to its slowest pace since 2012.”

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