Key Insights At National Level
U.S. home values for combined single-family detached and single-family attached properties increased by 2.4% in February 2025 from a year ago, which is the lowest annual growth recorded in the last 18 months.
On a month-over-month basis, non-seasonally adjusted (NSA) home values increased by 0.2% in February 2025. On a seasonally adjusted basis, home values barely increased by just 0.1% from a month ago.
Nationwide home value trends were basically flat in February and the market seems to be in a “wait and see” holding pattern. The annual home value growth continues its downward trajectory, running now below the inflation rate.
Valuation Model Datasheet
Key Insights At State Level
On a year-over-year basis, the District of Columbia, Texas, and Florida registered home value depreciation through February 2025. West Virginia recorded the highest annual home value growth of above 8%.
Month-over-month, most states moved into positive territory in February 2025, getting ready for the start of the Spring season. Vermont seems to be one of the exceptions, giving back some of the home value growth accumulated over the last year.
On a non-seasonally adjusted basis, the median month-over-month home value change across all states turned positive, reaching +0.4% in February. However, the monthly growth in most states seems to be contained within a fairly tight range.
Top 50 CBSA Markets
On a year-over-year basis, the home value depreciation in Austin (TX) and North Port – Sarasota (FL) continue to stand apart from all others within the top 50 CBSA markets. Cincinnati (OH), New York (NY), Providence (RI), and Hartford (CT) recorded strong annual home value growth through February 2025.
Month-over-month, about 80% of the top 50 CBSA markets show non-seasonally adjusted home value appreciation in February 2025, led by a strong come back in the San Jose (CA) and San Francisco (CA) markets. In contrast, most markets in Texas and Florida (except Miami) continue to perform poorly.
Home value growth resumed in most markets in February 2025, although that is pretty much in line with seasonal trends. On a non-seasonally adjusted basis, the median month-over-month home value change among the top 50 CBSA markets was +0.6%, in stark contrast with the previous month at -0.6%.
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.
