US Home-Price Gains Quickened in December as Buyers Returned

Home sales have been subdued in recent months, and listings are lingering in some areas, leading to seller discounts.
Photographer: David Paul Morris/Bloomberg

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By Prashant Gopal

February 25, 2025 at 2:00 PM UTC

This article is for subscribers only.

Home-price gains heated up in December as pent-up buyer demand drove competition for a limited supply of listings.

A national gauge of prices rose 3.9% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was more than than the 3.7% annual increase in November. After accounting for seasonal adjustments, the index has reached a record for a 19th consecutive month.