U.S. house price growth slowed again in December 2025, with the House Price Index rising 1.8% year-over-year, down from a 2.1% annual increase recorded in November 2025. The latest data, updated on 24 February 2026, point to a continued moderation in the housing market’s price dynamics.
Both the current and previous readings compare price changes in each month to the same month a year earlier, underscoring a steady deceleration in annual home price growth as 2025 drew to a close. November’s figure showed prices up 2.1% from November a year earlier, while December’s 1.8% gain marks a softer pace of appreciation compared with December of the prior year.
The cooling in the House Price Index suggests that some of the upward pressure seen in prior periods is easing, potentially reflecting shifting demand conditions, tighter affordability, or changing expectations in the broader U.S. housing and economic environment.
