The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States fell by 0.2% from the previous month in May 2025, more than market expectations of a 0.1% decrease. For the nine census divisions, monthly price changes ranged from -0.8 percent in the Middle Atlantic division to +0.3 percent in the West South Central and New England divisions. Year-on-year, house prices advanced by 2.8% in May, easing from 3.2% the month before. The 12-month changes ranged from +0.6 percent in the Pacific division to +5.9 percent in the Middle Atlantic division.