Home prices across the country rose 0.6 percent last month compared to December 2024, according to the latest Redfin Home Price Index.
That is just slightly faster than the 0.5 percent increase seen over each of the prior three months.
One-fifth of the sales in the 50 most populous U.S. metros experienced price drops month over month in January. Tampa notched the largest decline of 1.6 percent. Meanwhile, Pittsburgh recorded the highest price growth of 3 percent.
Across the U.S., prices were up 5.4 percent compared to January 2024, the slowest year-over-year growth since August 2023 – a trend Redfin doesn’t expect to last long, since the index looks at properties that went into contract in December 2024 and there has been a subsequent drop in sales.
The index looks at home sales over a given period compared to the last time those properties sold. It’s like the S&P CoreLogic Case-Shiller Home Price Indices but published about a month earlier.
Here are the changes (%) to the index month over month and year over year.
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Here is a breakdown of the changes by the top 50 metro areas (by population) in the U.S.
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