Despite Slowdown, Most Metros Still See Home-Price Growth

While many housing markets are experiencing price cuts, a recent report from the National Association of Realtors shows that 75% of metros still registered home price gains in Q-2 2025. This figure encompasses a majority of housing markets, but it is still down from the 83% recorded in Q-1 2025. Additionally, only 5% of metros recorded double-digit price gains in Q-2 2025, compared with 11% in Q-1 2025.

Other than the South—which recorded no change—most regions of the U.S. saw home-price growth. At 6.1%, the Northeast recorded the most home-price growth, followed by the Midwest, and then the West, with respective increases of 3.5% and 0.6%.

"Home prices have been rising faster in the Midwest, due to affordability, and the Northeast, due to limited inventory," said NAR Chief Economist Lawrence Yun. "The South region – especially Florida and Texas – is experiencing a price correction due to the increase in new home construction in recent years."