U.S. house prices rose 0.6 percent in November, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.9 percent from November 2024 to November 2025. The previously reported 0.4 percent price change in October remained unchanged.
For the nine census divisions, seasonally adjusted monthly home price changes ranged from 0.0 percent in the Middle Atlantic division to +1.1 percent in the East South Central division. The 12-month changes ranged from -0.4 percent in the Pacific division to +5.1 percent in the East North Central division.
Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in the attached report. Downloadable data and HPI release dates for all of 2025 are available here: https://www.fhfa.gov/HPI.