81 major housing markets where home prices are falling

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

[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 are up 0.7% year-over-year between April 2025 and April 2026. That year-over-year pace is the same as it was a year ago—back in April 2025, when the national year-over-year home price growth rate was 0.7%. 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 (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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