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Home prices rose in 73% of metro markets (168 out of 230) during the fourth quarter of 2025, down from 77% in the third quarter. Five percent of metro areas (12 out of 230) recorded double-digit price gains over the same period, up slightly from 4% last quarter.
While home sales saw improvement overall, markets like Florida and Texas saw declines where competition among sellers to attract buyers is increasing. According to NAR Chief Economist Lawrence Yun, “While most metro markets continue to see record-high housing wealth, some areas are experiencing home price declines.”
The next quarterly Metropolitan Median Area Prices and Affordability and Housing Affordability Index release will be Tuesday, May 5, 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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