최신자료
AEI Housing Market Indicators, December 2025
Key Takeaways
- Home price appreciation (HPA) and months’ supply trends through November 2025.
- The median purchase rate dropped to 6.0% in week 48, 2025. This is down 1.625 ppt. from the series peak in week 43, 2023 and down 0.75 ppt. from week 24, 2025 (2025 peak).
- November 2025’s preliminary YoY HPA was 1.6%, one of the lowest levels of the series, the same as 1.6% a month ago and down from 4.1% in November 2024.
- HPA is now rising at a reduced pace, due in part to markedly higher mortgage rates and flattening construction costs, which will help reduce housing pressure.
- Home price appreciation (HPA) and months’ supply trends through November 2025.
- The median purchase rate dropped to 6.0% in week 48, 2025. This is down 1.625 ppt. from the series peak in week 43, 2023 and down 0.75 ppt. from week 24, 2025 (2025 peak).
- November 2025’s preliminary YoY HPA was 1.6%, one of the lowest levels of the series, the same as 1.6% a month ago and down from 4.1% in November 2024.
- HPA is now rising at a reduced pace, due in part to markedly higher mortgage rates and flattening construction costs, which will help reduce housing pressure.
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