Home prices in the United States continue to rise in most areas. According to the National Association of Realtors, prices went up in 71% of metro markets. That means 167 out of 235 metropolitan areas saw price increases in early 2026. However, this figure is down from 73% in the previous quarter.
The national median price for a single-family home reached $404,300. This represents a modest 0.5% increase compared to the same period last year. Notably, this growth rate has decelerated from 1.2% in the fourth quarter of 2025. Meanwhile, 7% of metro areas recorded double-digit price gains during the quarter.
Regional differences are significant in the current housing market. Gains were particularly solid in the Northeast, where inventory shortages persist. The Midwest also performed well because home prices there remain relatively affordable. However, the expensive West region did not see an increase in sales.
These trends raise important questions about housing affordability for average buyers. If mortgage rates declined further, more potential buyers would qualify for home loans. Analysts believe the market is becoming more balanced than in recent years. The outlook suggests that price growth may continue to moderate going forward.