National home prices rose 0.3% MoM in Late-Q1 2026, the strongest monthly pace in nearly a year, while remaining ↓0.4% yearly.
Annual price appreciation stayed below 1% for the eighth straight month, but improved affordability and emerging spring demand supported renewed momentum and firmer pricing.
The prior monthly reading was revised higher: Early-Q1 to Mid-Q1 2026 changed from a slight decline to a 0.15% gain.
Local trends showed a regional split. Midwestern and Northeastern markets led yearly gains, while many Southern and Western markets remained below year-ago levels.
Only 9 of the top 30 markets posted positive yearly growth. Chicago led overall gains at ~6%, followed by Pittsburgh at ~4.5%.
Among major metros, Oakland had the steepest yearly decline at ~5%, with Miami, Denver, Las Vegas, and Tampa also posting notable drops.
Stronger monthly gains suggested further price declines may have ended, though the report said future momentum depended on local supply-and-demand c
