See the 77 major housing markets with falling home prices

Among the 77 major metros seeing falling year-over-year home prices, these had the biggest declines: Punta Gorda, FL (-7.9%); London, KY (-7.1%); Cape Coral, FL (-6.1%); Austin (-5.7%); and North Port, FL (-5.3%).

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

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Based on our analysis of the Zillow Home Value Index, U.S. home prices—including single-family and condos—rose 0.8% between May 2025 and May 2026. That pace is about the same as it was a year ago, back in May 2025, when the national year-over-year home price growth rate was 0.4%. And it’s up slightly from the recent year-over-year 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 (10% of markets) had a falling year-over-year reading in the January 2024 to January 2025 window.

42 of the nation’s 300 largest housing........

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