{"id":826805,"date":"2025-03-18T08:17:01","date_gmt":"2025-03-18T12:17:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-u-s-home-prices-grew-0-4-in-february-the-slowest-pace-since-july\/"},"modified":"2025-03-18T08:17:01","modified_gmt":"2025-03-18T12:17:01","slug":"redfin-reports-u-s-home-prices-grew-0-4-in-february-the-slowest-pace-since-july","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-u-s-home-prices-grew-0-4-in-february-the-slowest-pace-since-july\/","title":{"rendered":"Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July"},"content":{"rendered":"

<\/p>\n

Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July<\/b><\/p>\n

Eight of the 50 most populous U.S. metros\u2014including seven in Florida and Texas\u2014recorded a drop in home prices year over year, led by Tampa (-6%)<\/i><\/p>\n

SEATTLE–(BUSINESS WIRE<\/a>)–
\n(NASDAQ: RDFN) \u2014 U.S. home prices grew 0.4% from a month earlier in February on a seasonally adjusted basis, equal to the slowest pace since July 2024, according to a new rep<\/a>ort<\/a> from Redfin (redfin.com<\/a>), the technology-powered real estate brokerage. Home prices were up 5.1% on a year-over-year basis\u2014the slowest pace since August 2023.\n<\/p>\n

\nPrices have grown between 0.4% and 0.6% month over month in 13 of the past 16 months.\n<\/p>\n

\nThis is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method<\/a> to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.\n<\/p>\n

\nRedfin Senior Economist Sheharyar Bokhari<\/a> said while home prices are rising steadily, year-over-year growth has slowed for 10 consecutive months, dropping from 7.5% in April 2024 to 5.1% in February.\n<\/p>\n

\n\u201cThere\u2019s some good news for both buyers and sellers as we enter the Spring homebuying season. The recent decline in mortgage rates and slowing price growth is bringing more home hunters<\/a> off the sidelines, an encouraging sign for potential sellers,\u201d he said.\n<\/p>\n

\n\u201cAt the same time, some areas of the country have turned into fully fledged buyer\u2019s markets<\/a>, where homes are sitting longer and people are able to negotiate a good deal under the list price. That\u2019s particularly the case in several Florida and Texas markets where the number of homes on the market has ballooned<\/a> and prices are now starting to fall,\u201d he said.\n<\/p>\n

Metro-Level Summary: Redfin Home Price Index, February 2025<\/b><\/p>\n

\nEight (16%) of the 50 most populous U.S. metro areas\u2014including seven in Florida and Texas\u2014recorded a seasonally adjusted drop in home prices in February, year over year.\n<\/p>\n

\nThe biggest decline was in Tampa, FL (-6%), followed by Austin, TX (-3.5%) and Fort Worth, TX (-2.4%). The highest year over year gains were recorded in Detroit (20.9%), St Louis (12.6%) and Pittsburgh (12.6%).\n<\/p>\n

\nTo view the full report, including charts, additional metro-level data and methodology, please visit: https:\/\/www.redfin.com\/news\/home-price-index-february-2025<\/a><\/p>\n

About Redfin<\/b><\/p>\n

\nRedfin (www.redfin.com<\/a>) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country’s #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.\n<\/p>\n

\nRedfin\u2019s subsidiaries and affiliated brands include: Bay Equity Home Loans\u00ae, Rent.\u2122, Apartment Guide\u00ae, Title Forward\u00ae and WalkScore\u00ae.\n<\/p>\n

\nFor more information or to contact a local Redfin real estate agent, visit www.redfin.com<\/a>. To learn about housing market trends and download data, visit the Redfin Data Center<\/a>. To be added to Redfin’s press release distribution list, email press@redfin.com<\/a>. To view Redfin’s press center, click here<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250318419687\/en\/<\/a><\/span><\/p>\n

\nContact Redfin
\n
Redfin Journalist Services:
\n
Isabelle Novak
\n
press@redfin.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Washington<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Construction & Property Data Analytics Internet Professional Services Technology Other Construction & Property Residential Building & Real Estate<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July Eight of the 50 most populous U.S. metros\u2014including seven in Florida and Texas\u2014recorded a drop in home prices year over year, led by Tampa (-6%) SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) \u2014 U.S. home prices grew 0.4% from a month earlier in February on a seasonally adjusted basis, equal to the slowest pace since July 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices were up 5.1% on a year-over-year basis\u2014the slowest pace since August 2023. Prices have grown between 0.4% and 0.6% month over month in 13 of the past 16 months. This is according to the Redfin Home Price … <\/p>\n

Continue reading “Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-826805","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRedfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-u-s-home-prices-grew-0-4-in-february-the-slowest-pace-since-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July Eight of the 50 most populous U.S. metros\u2014including seven in Florida and Texas\u2014recorded a drop in home prices year over year, led by Tampa (-6%) SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) \u2014 U.S. home prices grew 0.4% from a month earlier in February on a seasonally adjusted basis, equal to the slowest pace since July 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. 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