Metro markets show home price growth
According to the National Association of REALTORS’ (NAR) latest quarterly report, 77% of metro markets saw home price growth. This is a modest increase from 75% in the second quarter. In the third quarter, 4% percent of metro areas recorded double-digit price gains which is down slightly from 5% in the second quarter of 2025.
Median existing single-family home price in a year-over-year change, varied by region. The Northeast saw the greatest increase of 6% and a median price of $540,100. Trailing behind is the Midwest at $331,100 with a 4.2% increase in home price growth.With robust new home construction, South posted a modest increase at .5% and a median price of $372,800. The only decrease was the West which saw a slight dip at .1% but the highest median price of $633,900.
“Home sales have struggled to gain traction, but prices continue to rise, contributing to record-high housing wealth,” said NAR Chief Economist Lawrence Yun. “Markets in the supply-constrained Northeast and the more affordable Midwest have generally seen stronger price appreciation.”
