U.S. Home Prices Down 0.2% in May
The FHFA said prices are up 2.8% from last year across the United States. In the South Atlantic census division, which includes Florida, home prices increased 1.4%.
WASHINGTON – U.S. house prices fell 0.2% in May, according to the U.S. Federal Housing Finance Agency's seasonally adjusted monthly House Price Index (FHFA HPI). House prices rose 2.8% from May 2024 to May 2025. The previously reported 0.4% price decline in April was revised to a 0.3% decline.
For the nine census divisions, seasonally adjusted monthly home price changes ranged from -0.8% in the Middle Atlantic division to +0.3% in the West South Central and New England divisions. In the South Atlantic census division, which includes Florida, the seasonally adjusted monthly home price change was -0.1%.
The 12-month changes were all positive, ranging from +0.6% in the Pacific division to +5.9% in the Middle Atlantic division. In the South Atlantic census division, home prices increased 1.4%.
The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. It incorporates tens of millions of home sales and offers insights about house price changes at the national, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.
Source: FHFA
© 2025 Florida Realtors®