Single-family existing-home sales prices rose in 83% of measured metro areasâ189 of 228âin the first quarter of 2025, down from 89% in the prior quarter, according to the National Association of Realtors.
The national median single-family existing-home price was $402,300, 3.4% above the price one year ago.
The 30-year fixed mortgage rate ranged from 6.63% to 7.04%.
"Most metro markets continue to set new record highs for home prices," NAR Chief Economist Lawrence Yun said in a statement. "In the first quarter, the Northeast performed best in both sales and price gains by percentage. Despite the stronger job additions, the South lagged with declining sales and virtually no price appreciation."
Among the major U.S. regions, the South saw a 1.3% year-over-year price increase in the first quarter, the Northeast increased 10.3%, the Midwest increased 5.2% and the West increased 4.1%.
The full report from NAR can be found here.
