Homebuying demand didn’t pick up much steam in March, according to property analytics firm Cotality. Despite that fact, prices continued to drift higher.
From March 2024 to March 2025, home prices actually rose 2.5% nationwide. However, that was down a bit from the 2.9% year-over-year increase in February.
Prices were up 0.6% from February 2025 to March 2025. The national median home price rose to $389,000 in March.
In a summary of the findings, Selma Hepp — chief economist for Cotality — says:
“While national home price growth continues the expected slowdown, some markets are proving resilient despite the resurgence of mortgage rates and general trepidation among homebuyers.
This trend is especially apparent in the Northeast and Midwest where the severe lack of inventory is helping prop up home prices, but where home prices tend to remain in a more affordable range of around $230,000.”
Cotality, formerly known as CoreLogic, forecasts that things will improve a bit in the coming year, with prices expected to increase by 4.9% from March of this year through March 2026. However, the firm says the following metropolitan areas are at “very high” risk for price declines.
5. Tucson, AZ
Arizona continues to outpace much of the nation in terms of overall growth, according to AZ Big Media. However, the publication notes that job growth has slowed considerably in places such as Tucson.
4. Tampa, FL
Home values in two counties just south of Tampa — Sarasota and Manatee — already are falling faster than just about anywhere else in the U.S., according to the Tampa Bay Times. As local real estate agent Angie Ramos told the Times, “We are just flooded with inventory.”
3. Winter Haven, FL
Late last year, real estate investment firm Norada sounded the alarm about Winter Haven. It predicted that prices could fall by as much as 15% in 2025.
2. Atlanta, GA
Atlanta sellers are getting serious in their efforts to unload their homes. During the first quarter of 2025, sellers offered concessions to buyers in 62% of home sales, according to real estate brokerage firm Redfin.
1. Albuquerque, NM
Home prices could be headed for a fall in Albuquerque, but the day of doom has not yet arrived. Prices continued to rise in the city early in the year, according to a local news report. Overall, home values in the city have shot up 45.83% over the past five years.
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