CoStar Group's Homes.com Report Shows Moderate Home Price Growth in July Amid Rising Inventory and Affordability Challenges

Reuters
Aug 08
CoStar Group's Homes.com Report Shows Moderate Home Price Growth in July Amid Rising Inventory and Affordability Challenges

CoStar Group Inc.'s Homes.com has released a report examining the home price trends for July, revealing a moderate increase in home values across the nation. The median home price rose by 2.1% from the previous year, reaching $393,000. This growth reflects a downward trend in price appreciation compared to the previous six months, where growth averaged 4.5%. The report highlights an increase in inventory levels by 26% nationally, pointing towards a shift towards a buyer's market. However, persistently high mortgage rates continue to challenge affordability. Regionally, the Midwest and parts of the Northeast experienced the highest home price appreciation, while 11 of the 40 largest metros, primarily in the South, saw declines. As the market evolves, buyers are becoming more selective, and sellers are adjusting expectations with price reductions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250808378549) on August 08, 2025, and is solely responsible for the information contained therein.

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