WASHNGTON--Single-family home prices increased 5.2% from Q1 2024 to Q1 2025, largely unchanged from the previous quarter’s year-over-year growth pace of 5.3%, according to the latest reading of the Fannie Mae Home Price Index (FNM-HPI).
The FNM-HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose 1.4% in Q1 2025 on a seasonally adjusted and non-seasonally adjusted basis.
The FNM-HPI is produced by aggregating county-level data to create both seasonally adjusted and non-seasonally adjusted national indices that are representative of the whole country and designed to serve as indicators of general single-family home price trends.