According to the National Association of REALTORS’ latest quarterly report, home prices rose in 80% of metro markets during the second quarter of 2026. The report also showed 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. 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.”
Beaumont-Port Arthur, Texas led the metro markets with the biggest year-over-year median price increase, at 11%, followed by Naples-Immokalee-Marco Island, Fla. and Gulfport-Biloxi-Pascagoula, Miss.
