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Home Prices Up in 71% of Metro Areas in Q1 2026
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NAR: The national median single-family existing-home price rose slightly – up 0.5% YoY – to $404,300, down from 1.2% annual growth in 4Q 2025.
WASHINGTON — Home prices rose in 71% of metro markets (167 out of 235) during the first quarter of 2026, according to the National Association of Realtors®’ latest quarterly report. This is down from 73% in the fourth quarter of 2025.
Seven percent of metro areas (16 out of 235) recorded double-digit price gains, up from 5% last quarter. The report provides the real estate ecosystem – including agents and homebuyers and sellers – with quarterly metro-area data on median home prices and housing affordability.
Home Prices Surge Again, Despite Affordability Strain
Home prices rose across the majority of metro markets in the first quarter, strengthening homeowner equity while affordability remained an ongoing challenge for buyers.
Seventy-one percent of 235 metro markets tracked saw home prices rise during the first quarter of this year, while slightly more than a dozen of the markets even recorded double-digit price gains, the National Association of REALTORS® reported Tuesday.
The national median single-family existing-home price rose to $404,300 in the first quarter, up by just 0.5% year over year.
While the percentage annual gains may be shrinking on home prices lately, the overall message remains the same: “Home prices continued to increase in many markets, boosting housing wealth for most homeowners,” says Lawrence Yun, NAR's chief economist.
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