In March, home sales price growth experienced its weakest annual pace in nearly two years, with national values rising only 3.4% year-over-year. This deceleration indicates challenges in affordability that are stifling demand. The 20 major U.S. cities tracked recorded an average 4.1% increase, with New York leading at 8%. Despite some monthly gains, obstacles such as limited supply and high prices hinder further growth, especially in regions like Tampa, which saw a decline in prices.
"Home price growth continued to decelerate on an annual basis in March, even as the market experienced its strongest monthly gains so far in 2025," says Nicholas Godec.
"Limited supply and steady demand drove prices higher across most metropolitan areas, despite affordability challenges remaining firmly in place."
"The Realtor.com economic research team's March housing trends report showed that national median listing prices were flat that month compared with a year earlier."
"Case-Shiller measures changes in single-family home values through repeat transactions on the same property, measuring the difference in closing price between the sales."
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