99 housing markets where home prices are falling: See the map

Among the 300 largest housing markets, 99 are seeing year-over-year home prices fall, while 201 are seeing them rise.

[Map: Lance Lambert, created with Datawrapper; images: Adobe Stock]

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Based on our analysis of the Zillow Home Value Index, U.S. home prices are up just 0.4% year-over-year between January 2025 and January 2026. That marks a deceleration from the 2.1% growth rate a year earlier—though national price growth has recently stabilized, ticking a tad higher from a low of -0.01% in August 2025.

In the first half of 2025, the number of major metro area housing markets seeing year-over-year declines climbed. That count has since stopped ticking up.

31 of the nation’s 300 largest housing markets (i.e., 10% of markets) had a falling year-over-year reading in the Jan. 2024 to Jan. 2025........

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