NAR said home prices climbed in 78% of metro markets in the third quarter, a slightly smaller share than in the second quarter.
Prices rose in 78% of metro markets during the third quarter of 2026, down from 80% in the second quarter, according to the National Association of Realtors (NAR) quarterly metro report released October 29.
The national median single family existing home price rose 1.7% from a year earlier to $432,900, matching the revised second quarter growth rate.
Infographic: National Association of Realtors / nar.realtor
Regional medians were $561,500 in the Northeast (up 4.0%), $342,500 in the Midwest (up 3.6%), $374,900 in the South (up 1.0%) and $629,000 in the West (down 0.6%). Gulfport, Biloxi and Pascagoula, Mississippi, led large markets with an 11.0% gain.
Infographic: National Association of Realtors / nar.realtor
The monthly payment on a typical existing single family home with 20% down was $2,251, up $48 from last quarter. Families spent 24.1% of income on mortgage payments.
“Even with affordability challenges causing the housing market to stagnate, home prices continue to set record highs in most parts of the country,” said NAR Chief Economist Lawrence Yun. “Homeowners are the beneficiaries of the price gains.”
“Throughout the last year, home prices declined in many Florida markets. This quarter, however, homes in nearly all Florida markets are showing price gains,” Yun added.