U.S. home prices rose in 78% of metro markets during Q3 2026

According to a report from the National Association of Realtors, existing single-family home prices rose in 78% of U.S. metropolitan areas during the third quarter of 2026. This represents a slight decrease from the 80% of markets that saw price increases in the second quarter.

The national median existing single-family home price reached $432,900, marking a 1.7% increase compared to the previous year. While prices continue to reach highs in many regions, affordability challenges have contributed to stagnant housing activity and lower transaction volumes.

Regional performance varied significantly: • The Northeast saw the highest annual growth at 4.0%. • The Midwest followed with 3.6% growth. • The South recorded a 1.0% increase. • The West experienced a 0.6% decline.

NAR chief economist Lawrence Yun noted that while supply constraints support property values, the artificial intelligence boom continues to drive high prices in the Bay Area, whereas the Midwest offers more affordable options.