Home Prices Rose in 80% of Metro Markets in Q2

Washington, DC, August 4, 2026—Home prices rose in 80% of metro markets during the second quarter of 2026, according to the National Association of Realtors’ latest quarterly report. This is up from 71% in the first quarter. Five percent of metro areas recorded double-digit price gains, unchanged from last quarter. The report provides the real estate ecosystem—including agents, buyers and sellers—with quarterly metro-area data on median home prices and housing affordability.

The national median single-family existing-home price rose 1.5% year-over-year to $434,900, up from 0.5% annual growth in the first quarter.

“Home sales increased despite mortgage rates rising. This testifies to the potential housing demand building up from steady job and income gains,” said NAR chief economist Dr. Lawrence Yun. “Sales rose in three of the four major regions, with the South leading the way due to faster job growth. The Northeast was the exception, held back partly by slower job growth and faster-appreciating home prices, which hurt affordability.”

“It is welcoming to see incomes rising faster than home prices, which has helped boost affordability—but the big short-term challenge to affordability is coming from rising mortgage rates.”

Median existing single-family home price by region (year-over-year change)

Northeast: $547,200 (+3.8%)

Midwest: $340,800 (+3.6%)

South: $380,000 (+1.0%)

West: $637,900 (-0.8%)

10 large markets with the biggest year-over-year median price increases

1. Beaumont-Port Arthur, Texas (+11.0%)
2. Naples-Immokalee-Marco Island, Fla. (+10.5%)
3. Gulfport-Biloxi-Pascagoula, Miss. (+10.3%)
4. Syracuse, N.Y. (+9.6%)
5. Hartford-West Hartford-East Hartford, Conn. (+8.0%) 
6. Lansing-East Lansing, Mich. (+7.8%)
7. Canton-Massillon, Ohio (+7.7%)
8. Providence-Warwick, R.I.-Mass. (+7.4%)
9. York-Hanover, Pa. (+7.4%)
10. Milwaukee-Waukesha-West Allis, Wis. (+6.8%)

10 most expensive markets (median sales price, with year-over-year price change)

1. San Jose-Sunnyvale-Santa Clara, Calif. ($2,050,000; -4.2%)
2. San Francisco-Oakland-Hayward, Calif. ($1,500,000; +5.2%)
3. Anaheim-Santa Ana-Irvine, Calif. ($1,485,000; +3.7%)
4. Urban Honolulu, Hawaii ($1,183,000; +3.0%)
5. San Diego-Carlsbad, Calif. ($1,075,000; +4.9%)
6. Salinas, Calif. ($982,600; +0.4%)
7. Oxnard-Thousand Oaks-Ventura, Calif. ($961,800; +0.4%)
8. San Luis Obispo-Paso Robles, Calif. ($954,400; +2.8%)
9. Bridgeport-Stamford-Norwalk, Conn. ($885,100; +4.7%)
10. Los Angeles-Long Beach-Glendale, Calif. ($879,900; 0.0%)