11:03 AM EST, 02/20/2025 (MT Newswires) -- Redfin (RDFN) said Thursday that the combined value of US homes increased $2.5 trillion in 2024 to $49.7 trillion.

The gain in total value of the US housing market was 5.2% year-over-year, the slowest growth in a year since 2019, according to Redfin.

Albany and Rochester in New York gained the most value with an 11.3% and 11.2% value increase, respectively. Total home value in Cape Coral, Florida, dropped 2.9% while the markets in North Port, Florida, and Honolulu fell 1.1% and 0.4%, respectively, Redfin reported.

Price: 8.56, Change: -0.43, Percent Change: -4.78