"In the first half of 2025, the number of major metro area housing markets seeing year-over-year declines climbed, with 110 of the nation's 300 largest housing markets experiencing a falling year-over-year reading from June 2024 to June 2025."
"Home prices are still climbing a little year-over-year in many regions where active inventory remains well below pre-pandemic 2019 levels, such as pockets of the Northeast and Midwest."
"In contrast, some pockets in states like Texas, Florida, and Colorado—where active inventory exceeds pre-pandemic 2019 levels by a solid clip—are seeing modest home price pullbacks or flat pricing."
U.S. home prices rose by 0.4% year-over-year from January 2025 to January 2026, a decrease from 2.1% growth the previous year. The number of major metro areas with year-over-year price declines increased in early 2025 but has since stabilized. In June 2024 to June 2025, 36% of the largest housing markets experienced declines. Regions with low inventory, like parts of the Northeast and Midwest, continue to see price increases, while areas with high inventory, such as Texas and Florida, are experiencing price stagnation or declines.
Read at Fast Company
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