The Federal Housing Finance Agency released its House Price Index showing U.S. house prices rose 2.9% between the second quarter of 2024 and the second quarter of 2025, and were unchanged in the second quarter of 2025 versus the first quarter of 2025. The seasonally adjusted monthly index for June fell 0.2% from May. House prices increased year on year in 46 states, with the largest gains in New York (8.0%), Connecticut (7.8%), New Jersey (7.5%), Mississippi (7.3%), and Illinois (6.7%). Prices declined in four states and the District of Columbia, with the District of Columbia posting the largest decline at 7.6%. Among the 100 largest metropolitan areas, 81 recorded annual increases, led by Rochester, NY (10.3%), while North Port-Bradenton-Sarasota, FL saw the largest decline (11.2%). All nine census divisions rose year on year, with the Middle Atlantic up 6.7% and the Pacific up 0.9%. FHFA scheduled its next monthly House Price Index report (through July 2025 data) for September 30, 2025, and its next quarterly report (third quarter of 2025 and September 2025 monthly data) for November 25, 2025.
Federal Housing Finance Agency 2025-08-26
The Federal Housing Finance Agency reports US house prices up 2.9% year on year in Q2 2025 and flat quarter on quarter
The Federal Housing Finance Agency reported a 2.9% increase in U.S. house prices from Q2 2024 to Q2 2025, with no change from Q1 to Q2 2025. The seasonally adjusted monthly index for June fell 0.2% from May. Year-on-year, house prices rose in 46 states, with New York leading at 8.0%, while the District of Columbia experienced the largest decline at 7.6%.