Home Prices Grow in 80% of Metros

In Q-2 2026, home prices grew in 80% of US metros, up from 71% of metros in Q-1 2026

Home-price growth may have slowed across the U.S., but home prices have still risen in 80% of major metros in Q-2 2026, according to a recent report from the National Association of Realtors. Comparatively, 71% of metros saw home prices grow in Q-1 2026. Nationwide, the median single-family existing-home price rose by 1.5% year-over-year to $434,900.

Home sales increased despite mortgage rates rising. This testifies to the potential housing demand building up from steady job and income gains. Sales rose in three of the four major regions, with the South leading the way due to faster job growth. The Northeast was the exception, held back partly by slower job growth and faster-appreciating home prices, which hurt affordability.

- Dr. Lawrence Yun, NAR chief economist

Which metros saw the most home-price growth?

The Beaumont, Texas, metro saw annual home prices increase the most. There, home prices ticked up by 11%, followed by Naples, where home prices grew by 10.5%, and then Gulfport, Miss., where they grew by 10.3%. Syracuse, N.Y., and Hartford, Conn., rounded out the top five spots with respective increases of 9.6% and 8%.

The Northeast overall saw the most home-price growth. There, home prices grew by 3.8% year-over-year, reaching a median existing-home price of $547,200. In the Midwest, home prices grew by 3.6% year-over-year to a median price of $340,800, and in the South, they grew by 1% to a median of $380,000. However, in the West, prices fell by 0.8% year-over-year to $637,900.

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