Key Insights At National Level
U.S. home values for combined single-family detached and single-family attached properties increased by just 1.6% in April 2025 from a year ago, the 4th consecutive month of annual growth deceleration.
On a month-over-month basis, non-seasonally adjusted (NSA) home values increased by 0.8% in April 2025. On a seasonally adjusted basis, home values were basically flat from a month ago.
Nationwide home values reached another record high in April 2025. However, they are moving at a very slow pace with a month-over-month growth significantly below historical averages for this time of the year.
Valuation Model Datasheet
Key Insights At State Level
On a year-over-year basis, Florida, the District of Columbia, Texas, Arizona, and Colorado recorded home value depreciation through April 2025. Alaska and Mississippi recorded the highest annual home value growth of around 8%.
On a month-over-month basis, non-seasonally adjusted home values in Hawaii and the District of Columbia dropped slightly in April 2025. All other states registered home value appreciation, led by Maine, Illinois and Wisconsin.
On a non-seasonally adjusted basis, the median month-over-month home value change moved down to 1.0%, from 1.3% a month ago, showing some signs of downward price pressure even if we are just in the middle of the Spring season.
Top 50 CBSA Markets
On a year-over-year basis, North Port–Sarasota (FL) stands alone with the biggest annual home value drop (-8.5%) among the top 50 CBSA markets, followed by Austin (TX) at -6.4%. At the other end, New York (NY) and Hartford (CT) continue to show strong annual home value growth through April 2025.
On a month-over-month basis, there were five markets out of the top 50 CBSA markets with home value depreciation in April 2025, led by North Port–Sarasota (FL), San Jose (CA) and Miami (FL). Most other markets registered non-seasonally adjusted home value growth within a range of around 0.5% to 2%.
Home price growth started to show signs of significant deceleration in most markets during April 2025, contrary to seasonal trends. On a non-seasonally adjusted basis, the median month-over-month home value change among the top 50 CBSA markets moved down to 0.6%, from 1.1% the previous month.
Why TerraIndex™ HPI
Our Home Price Index (HPI) is based on the proprietary Quantarium Valuation Model (QVM) value estimates for more than 100 million residential U.S. homes. QVM has been tested extensively in the last 5 years by some of the top third-party AVM testing agencies in the U.S. and has been consistently ranked at the top for both Accuracy and Hit Rate performance metrics. QVM was also recently approved by Fitch Ratings for Wall Street transactions. You can read the announcement here.
QVM re-computes the estimated values for the entire national footprint on a weekly basis, along with HPIs at various geography levels – from State, County, CBSA, down to Zip Code and Census Tract. Furthermore, the HPIs produced on any given date are based on proprietary valuation models which include over 90% of all sales transactions that will have been eventually reported through a four-week rolling period ending that date, taking advantage of Quantarium’s industry leading Data Services Platform (QDSP) to reduce the processing time lag to an absolute minimum. That allows Quantarium to provide the most current market insights, weeks faster than most other housing indices in the U.S. Learn more about TerraIndex™ HPI here.
The report for a given month is usually available on the second Wednesday of the following month, for example HPIs for the month of December 2022 were made available on Wednesday, January 11, 2023.
About Quantarium
Located in Bellevue, WA, Quantarium was founded by a team of leading scientists and Ph.D.’s. The company has designed and developed an innovative and enabling set of AI and Visual Technologies currently being deployed across multiple real estate industry sectors. Quantarium is one of the most accurate sources of property insights for over 158 million U.S. properties and trusted by major mortgage lenders, financial institutes, builders, direct marketing agencies, and real estate professionals across the nation. With a technology suite that is different in kind, then degree, the company’s products and services uncover and capitalize on the core DNA of vertical industries. From genetic modeling property valuations and markets that understand and interpret real estate data as expressed through synthetic future populations, through to CV adjusted values, Quantarium offers real AI to drive real value.
For business inquiries, please contact us at 424.210.8847 or discover@quantarium.com.
