Fastcompany iconFastcompanySep 28, 2026 ~1 min source read

Home price shifts across America’s 50 largest metro housing markets

home prices are up 1.3% year over year between August 2025 and August 2026. The pace of national softening has lost momentum over the past 12 months —and has, on a nationally aggregated basis, stabilized into a soft and low-appreciation market.

Home price shifts across America’s 50 largest metro housing markets

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home prices are up 1.3% year over year between August 2025 and August 2026.

The pace of national softening has lost momentum over the past 12 months —and has, on a nationally aggregated basis, stabilized into a soft and low-appreciation market.

That said, given the recent jump in long-term yields and mortgage rates, we'll have to watch how much momentum that softening regains in the coming months.

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The useful part

home prices are up 1.3% year over year between August 2025 and August 2026. The pace of national softening has lost momentum over the past 12 months —and has, on a nationally aggregated basis, stabilized into a soft and low-appreciation market. That said, given the recent jump in long-term yields and mortgage rates, we'll have to watch how much momentum that softening regains in the coming months.

How it works

  • Some regional housing markets in states such as Texas, Florida, and Colorado—where inventory has risen above pre-pandemic 2019 levels—are still experiencing mild home price corrections.
  • Whereas tight-ish inventory markets in some pockets of the Northeast and Midwest remain resilient-ish, with home prices likely pushing up a little this year.

Details worth keeping

According to our analysis of the Zillow Home Value Index, U.S. Of course, on a regional and local level, there's variation. San Francisco— in particular San Francisco proper— is...

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