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Seventy-five percent of metro markets (170 out of 228) registered home price gains in the second quarter of 2025, down from 83% in the first quarter. Five percent of metro areas recorded double-digit price gains, down from 11% in the first quarter of 2025.
According to NAR Chief Economist Lawrence Yun, "Home prices have been rising faster in the Midwest, due to affordability, and the Northeast, due to limited inventory. The South region – especially Florida and Texas – is experiencing a price correction due to the increase in new home construction in recent years."
The next quarterly Metropolitan Median Area Prices and Affordability and Housing Affordability Index release will be Thursday, November 6, 2025, at 10 a.m. Eastern Time.
NAR's quarterly Metropolitan Median Area Prices and Affordability report provides a breakdown of condo and co-op prices by metro market.
Metro Area Median Price Index data are provided by NAR solely for use as a reference. No part of the data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR's prior written consent for those who are not members of NAR.
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