U.S. Home Prices Tick Down 0.1% in April, the First Monthly Drop Since 2022

U.S. home prices ticked down 0.1% in April on a seasonally adjusted basis, the first month-over-month decline since September 2022.

Home prices were up 4.1% on a year-over-year basis, down from 4.9% growth in March. That’s the lowest annual price growth since July 2023.

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