Business
Home values are rising in half the country, falling in the other
Home values fell in half of the nation's largest markets over the past year, according to the latest market report1 from Zillow®. Buyers are gaining leverage across the country, with more markets tipping toward balance, and sellers cutting prices at record rates to compete. But while buyers are making gains in the battle of negotiating power, they're losing the war on affordability.
About this update from Zillow Group, Inc.
[{"type":"text","content":"Buyers gain negotiating leverage, but high costs keep many on the sidelines","length":75,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Buyers continue to gain leverage. Now, 27 major metros are in buyers' favor or neutral, up from 24 last month.","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Listings are lingering: The median for-sale home has been listed for 60 days, the longest of any July in Zillow data.","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"Sellers cut prices on 27.4% of listings, a record high in Zillow data that stretches through 2018.","length":98,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":329,"olType":false},{"type":"text","content":"SEATTLE, Aug. 18, 2025 /PRNewswire/ -- Home values fell in half of the nation's largest markets over the past year, according to the latest market report1 from Zillow®. Buyers are gaining leverage across the country, with more markets tipping toward balance, and sellers cutting prices at record rates to compete. But while buyers are making gains in the battle of negotiating power, they're losing the war on affordability.","length":437,"tagName":"p"},{"type":"image","alt":"Typical home values rose over last year in half of the nation's 50 largest metros.","displaySize":"","headline":null,"caption":"Typical home values rose over last year in half of the nation's 50 largest metros.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":240,"url":"https://media.zenfs.com/en/prnewswire.com/b7007c37b637c48b9d09ddeaee5019a2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/P_jTmW0EOlGHh.fbE7Is_Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQyMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b7007c37b637c48b9d09ddeaee5019a2","width":400,"height":240}},"href":"https://mma.prnewswire.com/media/2751815/Zillow_home_values.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Home values rose over last year in 25 major markets, mostly in the Midwest and Northeast. Demand is high — especially in affordable areas — but building restrictions have put a damper on new and higher-density projects. Sellers have few options to move up to, and existing inventory is still below pre-pandemic averages in many metros.","length":335,"tagName":"p"},{"...