On December 11, 2025, Homes.com, part of CoStar Group Inc. (NASDAQ: CSGP), released a comprehensive report detailing the national home price trends for November. The report highlights a significant resurgence in home price appreciation, revealing a robust market landscape for both buyers and sellers.

2. Key Findings: Home Price Appreciation

The Homes.com report indicates a moderate home price appreciation of 2.4% year-over-year, with the nationwide median sale price climbing to $385,000—an increase of $9,120 compared to November 2024. This marks the continuation of a stable pricing trend over the past ten months, with median prices consistently ranging between $375,000 and $395,000.

Factors Contributing to Price Stability

Several factors have contributed to the observed stability and increase in home prices. Notably, improvements in homeownership affordability have been evident, attributed to recent income growth and a decrease in mortgage interest rates by approximately 0.7 percentage points since their peak in late May. Additionally, the inventory of homes for sale has risen significantly, up 17.9% year-over-year, reaching the highest November levels since 2015, which has helped balance market dynamics between supply and demand.

3. Market Insights from Experts

Brad Case, Chief Residential Economist for Homes.com, stated, “The market has shifted from one in which opportunistic sellers hoped to take advantage of scant supply to one in which sellers and buyers are finding common ground.” This shift has empowered buyers, enabling them to navigate their choices more effectively amid an expanded inventory. Case added that the ongoing price appreciation, coupled with easing interest rates, instills confidence in homebuyers, allowing them to surmount affordability barriers.

4. Regional Performance: Midwest Leads the Charge

The report also delineates regional performance, with the Midwest emerging as the frontrunner in home price appreciation. Cities such as Cleveland (11.6%), Cincinnati (10.0%), Pittsburgh (8.7%), and Saint Louis (7.5%) showcased remarkable growth, outpacing other metropolitan areas across the nation. Conversely, the report noted that 13 large markets experienced price declines, with Jacksonville, Florida, witnessing a notable drop of 4.1% from the previous year.

Despite the fluctuations, nearly 65% of the almost 1,000 markets tracked by Homes.com reported price appreciation, indicating a general trend of resilience in the residential real estate sector.

5. Looking Ahead: Potential for Change

While the data presented in the report provides a snapshot of the current market conditions, it is important to note that these figures may be subject to slight adjustments as additional home sales are recorded. Brad Case is available for interviews to delve deeper into the data and offer insights into the broader residential real estate market.

6. About Homes.com and CoStar Group

Homes.com is recognized as the fastest-growing residential real estate marketplace in the United States and ranks as the second-largest portal in the country. The platform, acquired by CoStar Group in 2021, has made significant strides in enhancing user experience and increasing brand awareness, which surged from 4% to 33% in just one year due to a substantial marketing campaign launched in February 2024.

CoStar Group, headquartered in Arlington, Virginia, is a global leader in commercial real estate information and analytics. With a commitment to digitizing the real estate sector, CoStar’s various brands—including CoStar, LoopNet, Apartments.com, and Homes.com—continue to innovate and shape the future of real estate.

For more insights and the latest trends in home buying and selling, visit Homes.com.

Original press release