Home prices are falling in these 89 housing markets—see what’s behind it

After a burst of softening, the count of major metros seeing year-over-year home price declines has stabilized over the past nine months.

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

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Based on our analysis of the Zillow Home Value Index, U.S. home prices are up just 0.8% year-over-year between March 2025 and March 2026. That marks a deceleration from the 1.2% growth rate a year earlier—though national year-over-year home 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 window.

42 of the nation’s........

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