09/28/2026
U.S. Home Prices Ease Across Major Metros
Across the country, we're seeing a notable shift in the housing landscape: in Mid-Q3, the price per square foot dropped year-over-year in 36 of the 50 largest metro areas, signaling a broader cooling among major markets. Nationally, this measure was down about 2% compared to last year, marking the tenth consecutive month of softening. As the quarter wrapped up, momentum slowed further—many sellers responded by adjusting their asking prices more aggressively, aiming to bridge the gap between buyer and seller expectations. Elevated mortgage rates continue to weigh on affordability, especially in regions that saw rapid price growth during the pandemic. Some of these boom-era markets are now giving back a portion of those gains, aided by inventories that are higher than we saw before 2020. As someone who both represents clients and invests personally, I’m watching these shifts closely—understanding these trends is key to navigating opportunities, whether you’re buying, selling, or investing.