Feb 18 (Reuters) - Real estate information provider CoStar Group CSGP.O forecast annual revenue below Wall Street estimates on Tuesday, reeling under persistent choppiness in the property market amid elevated mortgage rates and housing prices.

Shares of the company, which owns property listing platforms such as Apartments.com and Homes.com, were down 5% in trading after market close.

Hit hard by the U.S. Fed's high interest rate regime since early 2022, the housing market has been slow to recover, with many homeowners preferring to stay in their existing properties, which are locked in with lower mortgage rates, than buying new homes.

The tight supply of homes has also driven up home prices, further discouraging consumers from making property purchases at a time when their spending power has already taken a hit from inflation.

CoStar expects revenue in the range of $2.99 billion to $3.02 billion for 2025, representing a roughly 10% increase at the midpoint. Analysts were expecting annual revenue to grow 12.8% to $3.08 billion, according to data compiled by LSEG.

The Washington, D.C.-based company forecast first-quarter revenue between $711 million and $716 million, also below the analysts' estimate of $733.2 million.

It reported revenue of $709.4 million for the fourth quarter ended December, edging past an average estimate of $703 million. Net income of 15 cents per share fell short of expectations of 22 cents per share.

(Reporting by Deborah Sophia in Bengaluru; Editing by Alan Barona)

((DeborahMary.Sophia@thomsonreuters.com))