Homes.com Report: Home Price Increases Slowed for the Third Consecutive Month in March

ARLINGTON, Va.--(BUSINESS WIRE)--Apr 10, 2025--

Homes.com, a CoStar Group leading online residential marketplace, today released a new report analyzing home prices in March (based on the data collected to date), price trends across major cities, and what the latest developments in the housing market mean for homebuyers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250410980324/en/

According to the preliminary estimates, home prices continued to go up in March, but the rate of price increases slowed for the third consecutive month. Year-over-year, prices rose 2.2% in March, 2.7% in February, and 3.6% in January. In dollar terms, the median home price went up $8,000 from March of last year to March of this year, rising from $372,000 to $380,000. Prices have increased for 21 consecutive months, with price appreciation peaking at 5.6% in December.

In addition to the slowing price growth in recent months, there was an increase in the number of homes for sale and a small decline in mortgage rates in March. Lower mortgage rates make buying a home more affordable, and more homes for sale equates to higher leverage for homebuyers. Combined, these factors point to a slight shift away from a seller's market and towards a buyer's market.

The Northeast and Midwest continued to see the strongest price appreciation in March. Of the 10 markets with the largest price increases, four were in the Northeast, and four were in the Midwest. Cleveland led the way, with prices rising more than 10% in the past year, followed by Chicago, New York, and Pittsburgh. By contrast, the South only had one market, Austin, among the 10 cities with the largest price increases, while five Southern markets were among the bottom 10. Four markets saw price declines in March, with the state of Florida accounting for three of the four. The four markets with declines were Orlando, Jacksonville, San Francisco, and Tampa.

The data shared in this report could change slightly once all home sales are accounted for. Melina Duggal, Senior Director of Market Analytics at CoStar Group and Homes.com, is available for interviews to provide insights on these data and the residential real estate market in general. For more information and insights on the latest home buying and selling market trends, visit Homes.com.

About Homes.com

Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 58% more listings* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 110 million average monthly unique visitors in the fourth quarter ending December 31, 2024.** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.

* Based on internal analyses comparing Members to non-Members on Homes.com.

** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended December 31, 2024, according to Google Analytics.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

Homes.com Select Sales Example 1 March 2025

Homes.com Select Sales Example 3 March 2025

Homes.com Select Sales Example 2 March 2025

Homes.com Year-Over-Year Increases in March Home Sale Prices Nationally

Homes.com National Median Home Prices In The Month of March

Homes.com National Year-Over-Year Change in Median Home Price 2 March 2025

Homes.com National Year-Over-Year Change in Median Home Price March 2025

Homes.com National Median Home Price March 2025

DAMASCUS, Syria (AP) — President Donald Trump said Saturday that “there will be very serious retaliation” after two U.S. service members and one American civilian were killed in an attack in Syria that the United States blames on the Islamic State group.

“This was an ISIS attack against the U.S., and Syria, in a very dangerous part of Syria, that is not fully controlled by them,” he said in a social media post.

The American president told reporters at the White House that Syria's president, Ahmed al-Sharaa, was “devastated by what happened” and stressed that Syria was fighting alongside U.S. troops. Trump, in his post, said al-Sharaa was “extremely angry and disturbed by this attack.”

U.S. Central Command said three service members were wounded in an ambush Saturday by a lone IS member in central Syria. Trump said the three “seem to be doing pretty well.” The U.S. military said the gunman was killed.

The attack on U.S. troops in Syria was the first with fatalities since the fall of President Bashar Assad a year ago.

“There will be very serious retaliation,” Trump said on his Truth Social platform.

The Pentagon's chief spokesman, Sean Parnell, said the civilian killed was a U.S. interpreter. Parnell said the attack targeted soldiers involved in the ongoing counter-terrorism operations in the region and is under active investigation.

The shooting took place near historic Palmyra, according to the state-run SANA news agency, which earlier said two members of Syria’s security force and several U.S. service members had been wounded. The casualties were taken by helicopter to the al-Tanf garrison near the border with Iraq and Jordan.

The Britain-based Syrian Observatory for Human Rights said the attacker was a member of the Syrian security force.

Syria's Interior Ministry spokesman Nour al-Din al-Baba said a gunman linked to IS opened fire at the gate of a military post. He added that Syrian authorities are looking into whether the gunman was an IS member or only carried its extreme ideology. He denied reports that suggested that the attacker was a security member.

Later al-Baba clarified that the attacker was a member of the Internal Security force in the desert adding that he “did not have any command post" within the forces nor was he a bodyguard for the force commander.

Al-Baba added in an interview with state TV that some 5,000 members have joined Internal Security forces in the desert and they get evaluated on weekly basis. He added that three days ago, an evaluation was made for the attacker and it turned out that he might have extreme ideology and a decision was expected to be issued regarding him on Sunday but “the attack occurred on a Saturday which is a day off for state institutions.”

U.S. Defense Secretary Pete Hegseth posted on X: “Let it be known, if you target Americans — anywhere in the world — you will spend the rest of your brief, anxious life knowing the United States will hunt you, find you, and ruthlessly kill you.”

The U.S. has hundreds of troops deployed in eastern Syria as part of a coalition fighting IS.

The U.S. had no diplomatic relations with Syria under Assad, but ties have warmed since the fall of the five-decade Assad family rule. Al-Sharaa, made a historic visit to Washington last month where he held talks with Trump. It was the first White House visit by a Syrian head of state since the Middle Eastern country gained independence from France in 1946 and came after the U.S. lifted sanctions imposed on Syria during the Assads’ rule.

Al-Sharaa led the rebel forces that toppled Bashar Assad in December 2024 and was named the country’s interim leader in January. Al-Sharaa once had ties to al-Qaida and had a $10 million U.S. bounty on his head.

Last month, Syria joined the international coalition fighting against the IS as Damascus improves its relations with Western countries following the ouster of Assad when insurgents captured his seat of power in Damascus.

IS was defeated on the battlefield in Syria in 2019 but the group’s sleeper cells still carry out deadly attacks in the country. The United Nations says the group still has between 5,000 and 7,000 fighters in Syria and Iraq.

U.S. troops, which have maintained a presence in different parts of Syria — including Al-Tanf garrison in the central province of Homs — to train other forces as part of a broad campaign against IS, have been targeted in the past. One of the deadliest attacks occurred in 2019 in the northern town of Manbij when a blast killed two U.S. service members and two American civilians as well as others from Syria while conducting a patrol.

Mroue reported from Beirut and Seung Min Kim from Washington.

An earlier version of this story gave an incorrect reference to Iraq.

President Donald Trump talks to reporters as he departs from the South Lawn of the White House, Saturday, Dec. 13, 2025, in Washington, en route to Baltimore to attend the Army-Navy football game. (AP Photo/Jose Luis Magana)