U.S. Home Price Insights
Year-over-year home price growth in the U.S. continues its downward trend, with growth slowing to just 0.9% in December 2025, while the Midwest and Northeast hubs continue to show resilience. Wyoming and New Jersey lead the nation with annual home price appreciation, far outperforming the cooling national average.
On the other hand, negative home price growth is dominating the South and the West—including Florida, Texas, Colorado, Washington D.C., Hawaii, Arizona, Utah, Oregon, and California—reflecting the pressure of higher inventory levels and moderating in-migration in markets that previously saw rapid expansion.
“We are seeing a significant departure from the rapid surges of recent years; while the upward pressure on prices remains, the momentum has moderated enough to suggest that the market is finally becoming more navigable for prospective buyers,” said Cotality Chief Economist Dr. Selma Hepp.
