A Long Trend of Growth Since 2012
The latest figures confirm the continued resilience of the U.S. housing market. Nationally, house prices have experienced positive annual appreciation every quarter since early 2012. Despite economic uncertainties and regional fluctuations, the broader market has maintained a consistent upward trajectory over more than a decade.
State-Level Performance Shows Mixed Results
House prices rose in 41 states over the past year, reflecting widespread but uneven growth. North Dakota led the nation with a 6.4 percent increase, followed closely by Delaware at 6.3 percent and Illinois at 6.1 percent. Wisconsin and Michigan also posted strong gains of 5.7 percent and 5.5 percent, respectively.
However, not all regions shared in this growth. Prices declined in nine states as well as the District of Columbia. Florida recorded the steepest drop, with a 2.7 percent decrease, highlighting ongoing regional disparities in housing demand and affordability.
Metro Areas Reflect Diverging Trends
Among the 100 largest metropolitan areas, 66 reported price increases over the past four quarters. The strongest growth was seen in Allentown-Bethlehem-Easton, Pennsylvania–New Jersey, where prices surged by 8.9 percent.
