Zillow forecast for metro-level home price change between May 2025 and May 2026

Circle size by number of active homes for sale in May 2025

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Zillow expects national home prices, as measured by the Zillow Home Value Index, to fall -0.7% between May 2025 and May 2026.

Chart: Lance Lambert Source: Zillow 12-month forecast published in June 2025 Created with Datawrapper