One-year change in metro-level home prices between December 2024 and December 2025

Among the 300 largest metro area housing markets, these 106 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 in January 2026

Chart: Lance LambertSource: ResiClub analysis using the Zillow Home Value Index through the December 2025 reading, published in January 2026Created with Datawrapper