Chicago
+5.3%
▲ #1 in 20-CityDec 2025 YoY
Led all 20 metros for 3rd straight month. Midwest affordability relative to coasts supporting demand. Historically steady market through rate cycles.
New York
+5.1%
▲ #2 in 20-CityDec 2025 YoY
Strong YoY for 4th consecutive month. Limited metro supply and finance-sector wages supporting prices through broader slowdown.
San Francisco
~−0.5%
— Near flat YoYDec 2025 YoY (est.)
Not among top/bottom performers in Dec report. Infl.-adj. prices ~−2.7% YoY as of Oct 2025. AI/tech sector partially offsetting broader CA softness. Full city data: Mar 31.
Miami
−1.5%
▼ Extended correctionDec 2025 YoY
Former pandemic boomtown reversing; insurance costs and affordability squeeze weighing on demand. Declined through entire H2 2025.
Denver
−2.1%
▼ Full-year 2025Dec 2025 YoY
Steepest of the 5 cities here; among worst 20-City performers for 2025. High inventory and rate sensitivity driving continued correction from pandemic peak.