One-year change in metro-level home prices between May 2025 and May 2026

Among the 300 largest metro area housing markets, these 77 markets are seeing falling home prices on a year-over-year basis.

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Circle size by number of active homes for sale at the end of May 2026

Chart: Lance LambertSource: ResiClub analysis using the Zillow Home Value Index through the May 2026 reading, published in June 2026