U.S. House Price Index Report - 2025 Q2

Published: 08/26/2025

U.S. house prices rose 2.9 percent between the second quarter of 2024 and the second quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the second quarter of 2025 remained unchanged compared to the first quarter of 2025. FHFA’s seasonally adjusted monthly index for June was down 0.2 percent from May.

Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the U.S. are included in the attachment.