**U.S. Home Price Growth Ebbs in March 2025**
U.S. home prices posted a 3.4% annual gain in March 2025, according to the latest data from S&P Dow Jones Indices. This marks a slight decrease from the 4% gain recorded in February. The S&P CoreLogic Case-Shiller Indices also indicated a slowing pace of price growth in both the 10-City Composite and 20-City Composite indices during the same period.
“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,” said Nicholas Godec, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. “This divergence between slowing year-over-year appreciation and renewed spring momentum highlights how the housing market shifted from mere resilience to a broader seasonal recovery. Limited supply and steady demand drove prices higher across most metropolitan areas, despite affordability challenges remaining firmly in place.”
Regionally, New York, Detroit, and Cleveland led the nation in annual home price growth. New York saw an 8.0% increase, followed by Detroit at 5.9%, and Cleveland at 5.8%.
Despite ongoing affordability concerns, the housing market continues to show signs of seasonal strength heading into the spring, underpinned by supply constraints and stable buyer interest.
