Redfin Home Price Index: Prices Rose 0.6% in February, Marking Return to Pre-Pandemic Norm
U.S. home prices climbed 6.7% from a year earlier in February, similar to the 6.9% average annual gain in the years leading up to the pandemic.
- U.S. home prices climbed 6.7% from a year earlier in February, similar to the 6.9% average annual gain in the years leading up to the pandemic.
- By comparison, prices rose by as much as 22.9% year over year in March 2022 and by as little as 3.4% in June 2023.
- This is according to the February Redfin Home Price Index (RHPI), covering the three months ending Feb. 29, 2024.
- In Nassau County, NY, home prices rose 2% from a month earlier in February—the biggest increase among the top 50 metros.