U.S. home prices rose 0.2% MoM in August 2025, while YoY growth slowed to 3.1%, the weakest pace in Redfin’s data since 2012.

• Prices increased slightly from July’s flat reading, marking the first acceleration in monthly growth since January.

• On a YoY basis, the 3.1% gain represents a significant slowdown from earlier in the year, reflecting softer demand and higher inventory.

• Prices fell MoM in 26 of the 50 largest metros, led by San Diego (-1.4%), Los Angeles (-1.1%), and Fort Lauderdale (-1.0%).

• The strongest MoM gains were in San Francisco (+1.5%), Philadelphia (+1.5%), and Charlotte (+0.8%).

• New York (+11% YoY), Nassau County (+8.9%), and Newark (+8.6%) posted the largest annual increases.

• Austin (-3.7% YoY), Tampa (-3.5%), and Oakland (-2.1%) recorded the sharpest annual declines.