Seventy-five percent of metro areas registered home price gains in the second quarter of 2025, down from 83% in the first quarter, according to the National Association of Realtors’ Metropolitan Median Area Prices and Affordability and Housing Affordability Index.
The national median price for single-family existing homes increased by 1.7% year-over-year, reaching a record high of $429,400. In the first quarter, the national median price increased 3.4% year-over-year.
On a regional, year-over-year basis, the Northeast’s home prices increased 6.1%, the Midwest increased 3.5%, the West increased 0.6% and the South saw no change.
“Home prices have been rising faster in the Midwest due to affordability, and the Northeast due to limited inventory,” NAR Chief Economist Lawrence Yun said in a statement. “The South region—especially Florida and Texas—is experiencing a price correction due to the increase in new home construction in recent years.”
Read the full report here.
