U.S. house price growth slowed sharply in December 2025, with the House Price Index rising just 0.1% month-over-month, down from a 0.7% increase in November 2025. The latest data, updated on 24 February 2026, suggest that the rapid price momentum seen earlier may be easing as the market transitions into the new year.
On a month-over-month basis, the December reading reflects a significant loss of speed: while November’s 0.7% gain represented robust short-term appreciation compared with October, December’s 0.1% increase indicates that prices were almost flat relative to November. The comparison highlights a marked cooling in monthly price dynamics over the turn of the year.
The figures are based on a standard month-over-month comparison, where the “actual” value measures the change in December versus November, and the “previous” value measures the change in November versus October. This deceleration in the index will likely draw attention from market participants watching for signs of a broader moderation in U.S. housing conditions.
