BiggerPockets Daily Home Prices Fall Month Over Month For the First Time Since 2022
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May 20, 2025 U.S. home prices experienced a 0.1% decline in April, marking the first drop since September 2022. The conversation digs into how cautious buyers, recession fears, and increasing inventory are reshaping the market. Despite annual price growth at 4.1%, it's the slowest rate in nearly a year. Regional differences reveal surprising insights, including where prices are still rising amid a general softening. The discussion also covers how foreclosures could affect pricing dynamics for savvy investors.
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First National Home Price Drop Since 2022
- U.S. home prices declined 0.1% month-over-month in April, the first drop since 2022.
- Weak demand and rising supply are balancing out, flattening prices nationally.
Why Buyers Remain Cautious
- Buyers hold back due to fears about inflation, recession, and tariffs.
- Elevated mortgage rates and market volatility also reduce buyer demand.
Supply Rising, Sellers Offering Concessions
- Supply has risen with active listings at a five-year high, mostly due to unsold homes.
- Sellers increasingly offer concessions to move inventory, affecting price dynamics.