Homes.com Report: Home Price Inflation Remained Muted in June. Nationally, the Median Home Price Was up Just 1.3% From a Year Ago

ARLINGTON, Va.--(BUSINESS WIRE)--Jul 16, 2025--

Homes.com, a CoStar Group leading online residential marketplace, released a new report today analyzing home price trends in June (based on the data collected to date), including price trends across major metros and house types.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250716378563/en/

Preliminary price data for June showed a modest 1.3% increase in the median home price nationally, consistent with this year’s trend of moderating home price inflation. The June increase is significantly below the increases that were typical for the month of June in recent years. The median home price rose by about $5,000 from June of last year to $395,000. The median prices of townhomes and condos declined compared to last June.

Moderating price growth reflects a recent uptick in for-sale inventory and ongoing affordability challenges. The increase in inventory is giving buyers more negotiating power. Still, demand is yet to pick up, as home prices remain high after the run-up during the pandemic years, and mortgage rates stay elevated.

Regionally, the Midwest and parts of the Northeast experienced the highest home price appreciation in June compared to June 2024. Five of the 10 major metros with the biggest price increases were in the Midwest. Several key metros in the Northeast also outperformed the nation in June. However, almost a quarter of the 40 largest metros saw outright year-over-year declines in the median home price, with the weakness concentrated in several major Sun Belt metros, struggling with elevated inventory levels and lower demand.

The data shared in this report could change slightly once all home sales are accounted for. Erika Ludvigsen, National Director of Residential Analytics at Homes.com, is available for interviews to provide insights on the 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 104 million average monthly unique visitors in the first quarter ending March 31, 2025.** 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 March 31, 2025, 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 130 million average monthly unique visitors in the first quarter of 2025, 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.

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BERLIN (AP) — Russia has indicated it's open to Ukraine joining the European Union as part of a potential peace deal to end the war, U.S. officials said Monday.

The officials who briefed reporters after U.S. envoys Steve Witkoff and Jared Kushner met with Ukrainian President Volodymyr Zelenskyy as well as British, French and German officials in Berlin over the last two days said that such an offer would be a major concession by Moscow. But Russia has previously said it does not object to Ukraine joining the EU.

The U.S. officials, who were not authorized to comment publicly by the White House and spoke on the condition of anonymity, said that the U.S. has also agreed to provide unspecified security guarantees to Kyiv as part of the deal but that such an offer won’t be on the table “forever.”

The latest round of talks between Ukrainian President Volodymyr Zelenskyy and U.S. envoys ended Monday as Kyiv faces Washington’s pressure to swiftly accept a U.S.-brokered peace deal while confronting an increasingly assertive Moscow.

Ukraine's lead negotiator, Rustem Umerov, said on social media that “real progress” had been achieved at the talks in Berlin with President Donald Trump’s special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner as well as European officials. The talks lasted roughly 90 minutes, after a five-hour session Sunday.

The U.S. government said in a social media post on Witkoff’s account after Sunday's meeting that “a lot of progress was made.”

The search for possible compromises has run into major obstacles, including control of Ukraine’s eastern Donetsk region, which is mostly occupied by Russian forces.

Zelenskyy has expressed readiness to drop Ukraine’s bid to join the NATO military alliance if the U.S. and other Western nations give Kyiv security guarantees similar to those offered to NATO members. But Ukraine’s preference remains NATO membership as the best security guarantee to prevent further Russian aggression however this option doesn’t currently have full backing from all allies.

Still, Ukraine has continued to reject the U.S. push for ceding territory to Russia. Russian President Vladimir Putin wants Ukraine to withdraw its forces from the part of Donetsk region still under its control as one of the key conditions for peace.

Zelenskyy’s itinerary on Monday also included meetings with German and other European leaders. French President Emmanuel Macron’s office confirmed he would travel to Berlin later Monday.

“The issue of security in particular will ultimately determine whether this war actually comes to a standstill and whether it flares up again,” a spokesperson for German Chancellor Friedrich Merz, Stefan Kornelius, told reporters.

The Russian president has cast Ukraine’s bid to join NATO as a major threat to Moscow’s security and a reason for launching the full-scale invasion in February 2022. The Kremlin has demanded that Ukraine renounce the bid for alliance membership as part of any prospective peace settlement.

Zelenskyy emphasized that any Western security assurances would need to be legally binding and supported by the U.S. Congress.

The Kremlin said Monday it expected to be updated on the Berlin talks by the U.S. side.

Asked whether the negotiations could be over by Christmas, Kremlin spokesperson Dmitry Peskov said trying to predict a potential time frame for a peace deal was a “thankless task.”

“I can only speak for the Russian side, for President Putin,” Peskov said. “He is open to peace, to a serious peace and serious decisions. He is absolutely not open to any tricks aimed at stalling for time.”

Putin has denied plans to attack any European allies.

In London, meanwhile, the new head of the MI6 spy agency was set to warn on Monday how Putin’s determination to export chaos around the world is rewriting the rules of conflict and creating new security challenges.

Blaise Metreweli was using her first public speech as chief of the United Kingdom’s foreign intelligence service to say that Britain faces increasingly unpredictable and interconnected threats, with emphasis on “aggressive, expansionist” Russia.

Russia fired 153 drones of various types at Ukraine overnight Sunday into Monday, according to Ukraine’s Air Force, which said 133 drones were neutralized, while 17 more hit their targets.

In Russia, the Defense Ministry on Monday said forces destroyed 130 Ukrainian drones overnight. An additional 16 drones were destroyed between 7 a.m. and 8 a.m. local time.

Eighteen drones were shot down over Moscow itself, the defense ministry said. Flights were temporarily halted at the city’s Domodedovo and Zhukovsky airports as part of safety measures, officials said.

Damage details and casualty figures were not immediately available.

Madhani contributed from Washington. Pietro De Cristofaro in Berlin, Illia Novikov in Kyiv, Ukraine, and Katie Marie Davies in Manchester, England, contributed to this report.

Follow the AP’s coverage of Russia's war in Ukraine at https://apnews.com/hub/russia-ukraine.

Ukraine's President Volodymyr Zelenskyy smiles during a visit of the German federal parliament, Bundestag, in the Reichstag building in Berlin, Germany, Monday, Dec. 15, 2025. (Christoph Soeder/dpa via AP)

German President Frank-Walter Steinmeier, center right, and Volodymyr Zelenskyy, center left, President of Ukraine, leave the Bellevue Palace in Berlin, Germany, Monday, Dec. 15, 2025. (Kay Nietfeld/dpa/dpa via AP)

German President Frank-Walter Steinmeier welcomes Ukraine's President Volodymyr Zelenskyy at the Bellevue Palace in Berlin, Germany, Monday, Dec. 15, 2025. (AP Photo/Maryam Majd)

Ukraine's President Volodymyr Zelenskyy arrives at the Bellevue Palace for talks with German President Frank-Walter Steinmeier in Berlin, Germany, Monday, Dec. 15, 2025. (AP Photo/Markus Schreiber)

Steve Witkoff, Special Envoy of the United States, center, exits from the American Embassy in Berlin, Monday Dec. 15, 2025. (Fabian Sommer/dpa via AP)

Jared Kushner, U.S. President Donald Trump’s son-in-law, exits from the American Embassy in Berlin, Monday Dec. 15, 2025. (Fabian Sommer/dpa via AP)

Steve Witkoff, special envoy of the United States, leaves through a hotel garage for talks between representatives of the U.S. and Ukraine in Berlin, Germany, Sunday, Dec. 14, 2025. (AP Photo/Markus Schreiber)

German Chancellor Friedrich Merz,stands in his office in the chancellory in Berlin, Germany, Sunday, Dec. 14, 2025. (AP Photo/Maryam Majd)

Steve Witkoff, special envoy of the United States, arrives for talks between representatives of the U.S. and Ukraine, at the Hotel Adlon, in Berlin, Sunday, Dec. 14, 2025. (Kay Nietfeld/dpa via AP)

Jared Kushner, entrepreneur and former chief adviser to President Donald Trump, arrives for talks between representatives of the U.S. and Ukraine at the Hotel Adlon, in Berlin, Sunday, Dec. 14, 2025. (Kay Nietfeld/dpa via AP)

German Chancellor Friedrich Merz, right, watches Ukraine's President Volodymyr Zelenskyy arriving at the chancellory in Berlin, Germany, Sunday, Dec. 14, 2025. (AP Photo/Maryam Majd)