- The Dallas-Plano-Irving area experiences a -1.2% decline in home prices year-over-year in April 2025.
- National home prices show an increase of 2.0% year-over-year, with a month-over-month growth of 0.4%.
- Pittsburgh, Cambridge, and Warren show the most significant year-over-year increase in starter-tier home prices.
According to the latest report from First American Data & Analytics, the Dallas-Plano-Irving metropolitan area saw a -1.2% decline in home prices year-over-year in April 2025. The report indicates that the regional market is experiencing a correction, reflecting the broader national trend of deceleration in price appreciation. Month-over-month, however, prices in this area remained stable with no change from March 2025 to April 2025.
Nationally, home prices increased by 2.0% compared to April 2024, with a monthly growth of 0.4% from March to April 2025. Despite reaching another record high, the pace of growth is the slowest since 2012, as noted by Mark Fleming, Chief Economist at First American. He attributes this trend to the effects of high mortgage rates and rising inventory levels, leading to a rebalancing in the market.
The report also segments home price changes at the metropolitan level into various price tiers. In the Dallas-Plano-Irving area, the starter and mid-tier segments declined by -3.2% and -3.3% respectively, while the luxury tier rose by 3.5%. In contrast, markets such as Pittsburgh, Baltimore, and St. Louis saw substantial growth particularly in the starter-tier segment, attributed to their affordability and high demand due to limited supply.
Most notably, Pittsburgh showed a significant year-over-year increase of 7.6% in the starter-tier home price index, followed by Cambridge at 4.7% and Warren at 3.3%. These trends underscore the varying dynamics across different regions and price tiers, with some markets continuing to experience appreciation even amidst national trends of deceleration.
The next release of the First American Data & Analytics House Price Index is scheduled for the week of June 16, 2025, which will provide further insights into ongoing trends and market dynamics.
