The report said house prices rose in 81 of the 100 largest metro areas year-over-year. Rochester, NY, saw the largest jump at 10.3%, with North Port-Bradenton-Sarasota, FL, seeing the largest decline at 11.2%.
In the Case-Shiller report, the New York and Chicago markets saw big increases, with New York increasing 7% and Chicago 6.1%. Tampa and Phoenix, which saw large increases during the pandemic, saw continued slides, falling 2.4% and 0.1%, respectively.
Kristi Hardy of Atlantic Coast Mortgage says inventory is up significantly, and homes are now selling closer to list price and staying on the market longer.https://t.co/XTySdWaDkd
— Mortgage Professional America Magazine (@MPAMagazineUS) August 6, 2025
The bigger surprise is the fall in western markets, with San Diego (-0.6%) and San Francisco (-2.0%) seeing price drops year over year.
Godec said that despite the slowing price growth in some markets, weak demand continues to be the story in the housing market.
“The monthly patterns in June reveal a market caught between seasonal forces and underlying weakness,” Godec said. “While 13 of 20 metros posted monthly gains before seasonal adjustment, the national index managed just 0.1% growth. After seasonal adjustment, all three headline composites declined, with the National Index falling 0.3%, suggesting that underlying housing demand remains weak despite normal seasonal buying patterns.”