U.S. home-price growth fell to its slowest pace in 13 years in April, as concerns about personal finances, tariffs and employment continued to weigh on the housing market, Cotality said in its monthly Home Price Insights report.   

Overall home prices climbed 2% year over year in April, down from a 2.5% gain in March. The price of single-family detached homes rose at 2.46% year over year, while single-family attached home prices declined 0.08%, the first decline since 2012. 

The median price for a single-family home was $385,000.  

The Northeast and Midwest remained strong, while Florida, which saw some of the strongest growth in recent years, continued to cool, posting a 0.8% price decline in April. Other markets moving into negative territory included Hawaii (-2%), Texas (-0.7%) and Washington, D.C. (-0.6%). 

“Housing market headwinds continue to challenge homebuying demand, but improved for-sale supply is providing buyers with more options and helping keep softer price pressures for those looking to buy this spring,” Cotality Chief Economist Selma Hepp said in a press release. “And while annual home-price growth has slowed considerably, home prices this spring have held up, and gains have mostly mirrored trends seen pre-pandemic.” 

Looking ahead, Cotality expects home prices to rise 4.3% between April 2025 and April 2026.