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Home prices rose in 77% of metro markets (176 out of 230) during the third quarter of 2025, up from 75% in the second quarter. Four percent of metro areas recorded double-digit price gains, down slightly from 5% in the second quarter of 2025.
According to NAR Chief Economist Lawrence Yun, "Home sales have struggled to gain traction, but prices continue to rise, contributing to record-high housing wealth. Markets in the supply-constrained Northeast and the more affordable Midwest have generally seen stronger price appreciation."
The next quarterly Metropolitan Median Area Prices and Affordability and Housing Affordability Index release will be Wednesday, February 4, 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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