Wondering what’s really going on with home prices? The truth is: it depends on where you live.

Across the 50 largest U.S. metro areas, nearly half are still experiencing price growth, while the other half are seeing slight declines. This split highlights just how hyper-local real estate truly is.

What the Data Shows

Recent figures reveal that markets like Cleveland, Hartford, and Louisville are seeing notable year-over-year price increases, while markets such as Tampa, Austin, and Orlando are experiencing declines.

This variation underscores the fact that national headlines don’t tell the full story. While one city might be enjoying steady appreciation, another could be facing a softening market — and those differences directly impact both buyers and sellers.

Why Local Trends Matter

Your real estate decisions — whether buying, selling, or investing — hinge on local market dynamics:

• Buyers: In appreciating markets, acting sooner can help you avoid rising costs. In cooling markets, patience and negotiation power might work in your favor.

• Sellers: Understanding where your market stands helps you price competitively and maximize value without sitting on the market too long.