This searchable chart shows home price changes in America’s 384 largest housing markets

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According to the Freddie Mac House Price Index, U.S. home prices rose 0.1% during the seasonally soft window from December 2023 to January 2024.



On a year-over-year basis, U.S. home prices rose 6.1% between January 2023 and January 2024. National house prices as measured by Freddie Mac ended January 2024 up 1.6% above the 2022 summer peak, and 42.6% above March 2020 levels.



Whenever a group like Freddie Mac mentions U.S. home prices, they are referring to the national aggregate. However, on a market-by-market level, it can vary significantly.



The chart below shows the 40 largest metro area markets where home prices are up the most since their 2022 price peak.



Click here for a searchable chart with all 384 metros tracked by Freddie Mac.







The chart below shows the 40 largest metro area markets where home prices are down the most since their 2022 price peak.







Big picture: When considering the Fed’s aggressive rate hikes and the fact that mortgage rates briefly crossed 8% in 2023, U.S. home prices were fairly resilient last year. In markets where home prices fell, rising inventory levels alerted us ahead of time.