"That period sparked a rush of sales that essentially cleared out the inventory, and honestly, it has never really slowed down since then. Even in today's market, we're still dealing with extremely low inventory and multiple-bid situations on a regular basis. There just aren't enough homes to meet demand, and that pressure continues to push prices higher. It's an incredible time to be a seller."
"The next highest growth market was Dubuque, Iowa, at 40.3% which saw median prices jump from $249,450 to $349,900 during the year. Altoona, Pennsylvania, also ranked among the top 20 fastest-growing metros nationwide. Housing professionals say the gains point to continued migration toward lower-cost markets where buyers can still find entry-level homes, even as mortgage rates remain elevated. Pittsburgh stood out among larger markets as the metro posted a 4.35% price increase in 2025, placing it No. 4 nationally among large metros."
Housing inventory remains extremely low, producing frequent multiple-bid situations and upward pressure on prices that benefit sellers. Smaller and midsized metros experienced the largest percentage gains, with Dubuque rising 40.3% as median prices jumped from $249,450 to $349,900 and several other markets posting strong growth. Migration toward lower-cost markets is boosting demand as buyers seek entry-level homes despite elevated mortgage rates. Pittsburgh posted a 4.35% price increase in 2025 among larger metros. Cash transactions have surged in some areas, and across the 50 largest metros by inventory prices declined by an average of 0.14% in 2025.
Read at www.housingwire.com
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