Homes.com Report: Home Price Increases Slowed for the Third Consecutive Month in March

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Homes.com Report: Home Price Increases Slowed for the Third Consecutive Month in March

2025-04-11 06:26 Last Updated At：06:42

ARLINGTON, Va.--(BUSINESS WIRE)--Apr 10, 2025--

Homes.com, a CoStar Group leading online residential marketplace, today released a new report analyzing home prices in March (based on the data collected to date), price trends across major cities, and what the latest developments in the housing market mean for homebuyers.

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Homes.com Select Sales Example 1 March 2025

Homes.com Select Sales Example 3 March 2025

Homes.com Select Sales Example 2 March 2025

Homes.com Year-Over-Year Increases in March Home Sale Prices Nationally

Homes.com National Median Home Prices In The Month of March

Homes.com National Year-Over-Year Change in Median Home Price 2 March 2025

Homes.com National Year-Over-Year Change in Median Home Price March 2025

Homes.com National Median Home Price March 2025

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Homes.com Select Sales Example 1 March 2025

Homes.com Select Sales Example 3 March 2025

Homes.com Select Sales Example 2 March 2025

Homes.com Year-Over-Year Increases in March Home Sale Prices Nationally

Homes.com National Median Home Prices In The Month of March

Homes.com National Year-Over-Year Change in Median Home Price 2 March 2025

Homes.com National Year-Over-Year Change in Median Home Price March 2025

Homes.com National Median Home Price March 2025

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250410980324/en/

According to the preliminary estimates, home prices continued to go up in March, but the rate of price increases slowed for the third consecutive month. Year-over-year, prices rose 2.2% in March, 2.7% in February, and 3.6% in January. In dollar terms, the median home price went up $8,000 from March of last year to March of this year, rising from $372,000 to $380,000. Prices have increased for 21 consecutive months, with price appreciation peaking at 5.6% in December.

In addition to the slowing price growth in recent months, there was an increase in the number of homes for sale and a small decline in mortgage rates in March. Lower mortgage rates make buying a home more affordable, and more homes for sale equates to higher leverage for homebuyers. Combined, these factors point to a slight shift away from a seller's market and towards a buyer's market.

The Northeast and Midwest continued to see the strongest price appreciation in March. Of the 10 markets with the largest price increases, four were in the Northeast, and four were in the Midwest. Cleveland led the way, with prices rising more than 10% in the past year, followed by Chicago, New York, and Pittsburgh. By contrast, the South only had one market, Austin, among the 10 cities with the largest price increases, while five Southern markets were among the bottom 10. Four markets saw price declines in March, with the state of Florida accounting for three of the four. The four markets with declines were Orlando, Jacksonville, San Francisco, and Tampa.

The data shared in this report could change slightly once all home sales are accounted for. Melina Duggal, Senior Director of Market Analytics at CoStar Group and Homes.com, is available for interviews to provide insights on these data and the residential real estate market in general. For more information and insights on the latest home buying and selling market trends, visit Homes.com.

About Homes.com

Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 58% more listings* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 110 million average monthly unique visitors in the fourth quarter ending December 31, 2024.** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.

* Based on internal analyses comparing Members to non-Members on Homes.com.

** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended December 31, 2024, according to Google Analytics.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

Warriors return home to Chase Center with another chance to close out 1st-round series with Rockets

2025-05-02 08:48 Last Updated At：08:52

SAN FRANCISCO (AP) — With his team trailing by 27 points to the red-hot Houston Rockets at halftime, coach Steve Kerr pulled Golden State emotional leader Draymond Green aside for a quick chat and to ask his opinion.

Should the Warriors plan to save their starters for what looked like an inevitable Game 6 in two days if things became any more out of hand after intermission? Green suggested Kerr should give the group five more minutes to see what could be done with the deficit.

It only got worse. And Kerr sent in the backups with 5:50 left in the third quarter of an embarrassing 131-116 loss Wednesday night so his Warriors can turn their attention at trying again to close out the first-round series back home Friday night.

“I wasn’t going to chase this game, obviously with Game 6 coming up in 48 hours," Kerr said. "So I talked to Draymond. I said, ‘What do you think?’ He said five minutes, so we gave the starting group the first five or six minutes and unless we had made a huge run, kind of had it in mind that we would pull the plug.”

The Warriors missed a chance to clinch the best-of-seven series on the road, and they gave some momentum right back to the Rockets. Golden State leads 3-2.

“The game got away from us early last night,” Kerr said Thursday. “We got a little scattered, and that’s on me.”

Kerr said forward Jonathan Kuminga will be available after sitting out Wednesday with a migraine.

Jimmy Butler, Stephen Curry and Green will need to forget their Game 5 blowout fast and now count on their experience in big games as they return to Chase Center to get past second-seeded Houston, which staved off elimination with a dominant performance.

“We're fine. Our confidence isn't going to waiver,” Butler said. “We're going to start out better and play a better overall game.”

The Minnesota Timberwolves are waiting for the winner to begin the Western Conference semifinals. While the Warriors couldn’t close their series on the road with a 3-1 lead, Rudy Gobert led the way as Minneapolis ended the season for LeBron James and the Los Angeles Lakers 103-96.

And given the blowout, the Golden State starters should be plenty fresh — Rockets coach Ime Udoka re-inserted his core group with the lead dwindling. Curry played 23 minutes, Butler 25 and Green nearly 18. Fred VanVleet scored 26 points on 8-for-13 shooting with four 3-pointers playing 33 minutes to lead Houston as all five starters reached double figures.

The Rockets jumped to a big lead from the opening tip for a runaway win. Their 131 points were their most ever in a playoff game against Golden State.

Houston had averaged 98 points per game through the first four of the series, then went off in the win that included an early 18-0 run and a 31-point lead in the second half before the Warriors' second unit chipped away.

“Loved our bench group, they came in and they forced Houston to bring their starters back in. They set a tone that we're going to need for Game 6,” Kerr said. “Even though we lost the game, I thought it was crucial that we fought the way we did in the fourth quarter.”

The past two games became testy, with Golden State's reserves getting involved during Game 5 when Pat Spencer got ejected for head-butting Alperen Sengun before Trace Jackson-Davis shoved the Rockets big man.

It was Curry, Green and Dillon Brooks in Game 4, yet Brooks believes Houston's youngsters are learning with each experience on the big NBA stage.

“They’re sticking to the details of the playoffs,” Brooks said. “Every possession matters, every loose ball, rebound, shot we take, it matters. And there’s nothing to get worked up or get tight about. It’s just understanding that you can’t turn the ball over and you need possessions, we need good possessions. And I feel like the young guys are learning how to leave their imprint on the game.”

When/Where to Watch: Game 6, Friday, 9 p.m. EDT (ESPN)

Series: Warriors lead 3-2.

BetMGM Sportsbook: Warriors by 4.5.

What to Know: Foul trouble and free-throw differential have been common themes in this series, with Golden State the culprit in Game 5. The Warriors had 27 fouls and the Rockets converted 32 of 38 free throws — 8 of 8 by Brooks, 6 of 6 by VanVleet, and 8 of 9 for Amen Thompson. VanVleet is 12 for 18 at the line over the past two games while shooting 8 of 13 from the floor in both contests. “We’ve got to stay more attached to him for sure,” Kerr said. “He got a few where we lost our focus, lost our matchup.” The Rockets also played a clean game with just 12 turnovers while Kerr has stressed taking care of the ball so many time this season and the Warriors committed 15 turnovers for 20 Houston points. And Golden State's defense will have to do something different against VanVleet, who along with his fellow starters had to return to the game when the Warriors reserves made a run and finished with a playoff franchise-record 76 bench points. Kerr chose to keep his veteran stars — Butler, Curry and Green — on the bench to end the game and get them ready for Friday.

AP NBA: https://apnews.com/hub/NBA