Three out of four metro areas posted home price increases in second quarter of 2025

Seventy-five percent of metro markets (170 out of 228) registered home price gains in the second quarter of 2025, according to the National Association of REALTORS Metropolitan Median Area Prices and Affordability and Housing Affordability Index. This is down from 83% in the first quarter. Five percent of metro areas recorded double-digit price gains in the second quarter, down from 11% in the first quarter of 2025.