Home prices rose in 71% of metro areas in Q1 2026, with 7% seeing double-digit gains. Median prices increased in the Northeast, Midwest, and South but fell 2.9% in the West. The condo market is stabilizing and attracting buyers due to improved affordability. The most expensive markets remain in California, with San Jose leading at $2,030,000. Mortgage rates are lower than last year, aiding buyer qualification.