The profit of the home prize in the US delayed in March while lists climbed without a corresponding increase in the buyer’s question.
According to data from S&P Corelogic Case-Shiller, a national price meter rose by 3.4% compared to a year earlier. That was smaller than the annual increase of 4% in February.
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The run -up to prices since the pandemic and the mortgage interest that almost 7%fluctuate have pressed affordability for house hunters and pushed many to the sidelines. At the same time, the inventory increases in many parts of the country. And with less enthusiastic buyers on the market, sellers are more willing to offer concessions.
In areas where stocks remain tight, buyers are still dragged into bidding wars. Among the 20 major cities, New York had the largest annual price win in March, at 8%. The prices rose by 6.5% in Chicago and 5.9% in Cleveland. In places where prices fell, Tampa, Florida, had the largest decrease, with 2.2%.
While the annual price growth continued to slow nationally, “the market has its strongest monthly profit so far in 2025”, Nicholas Godec, head of fixed -income trade and raw materials at R&P Dow Jones Indices, said in a statement. Eighteen of the 20 cities in the index had monthly elevations before the season adjustment, indicating that the price increases throughout the country were widespread.
“This divergence between delaying the appreciation on an annual basis and renewed spring momentum emphasized how the housing market shifted from mere resilience to a broader seasonal recovery,” said Godec.