After a period of slower appreciation, home prices are beginning to show renewed momentum in many parts of the country.
While the housing market has been adjusting over the past couple of years, increasing buyer activity and continued inventory shortages in many local markets are helping support home values once again.
If you’ve been wondering whether home prices are still rising—or if now is a smart time to buy or sell—here’s what you need to know.
The Market Is Finding Its Balance
Over the past year, home price growth cooled as higher mortgage rates and affordability challenges caused some buyers to pause.
That slowdown created a healthier, more balanced market compared to the rapid price increases seen during the pandemic years.
Today, many buyers have adjusted to current market conditions, and demand is gradually strengthening again. As a result, home prices in many areas are beginning to appreciate at a steadier pace.
Rather than experiencing dramatic spikes, the market is returning to more sustainable growth.
Low Inventory Continues To Support Prices
Even though the number of homes for sale has improved compared to recent years, inventory remains below historical averages in many communities.
When quality homes come on the market, motivated buyers are still competing for them.
Limited supply combined with steady demand continues to place upward pressure on prices—especially for well-maintained, move-in-ready homes in desirable neighborhoods.
This is one of the biggest reasons home values have remained resilient despite changing economic conditions.
Buyers Are Regaining Confidence
Many buyers who delayed their home search are re-entering the market.
They’ve had time to adjust their expectations regarding mortgage rates and have realized that waiting indefinitely may not necessarily lead to lower home prices.
Instead of trying to perfectly time the market, many are focusing on finding the right home that meets their long-term needs.
As buyer confidence grows, competition naturally increases, helping support home prices.
Sellers Still Have an Opportunity
For homeowners considering selling, today’s market continues to offer favorable conditions.
If your home is:
- Well maintained
- Competitively priced
- Professionally marketed
there’s still strong potential to attract qualified buyers.
While sellers may need to be more strategic than they were during the peak seller’s market, properly presented homes continue to generate significant interest.
What Buyers Should Know
If you’re waiting for home prices to fall dramatically before purchasing, that opportunity may never come in many markets.
Instead, experts expect home values to continue appreciating at a more moderate pace over the coming months.
Buying sooner rather than later could allow you to:
- Build equity earlier
- Lock in today’s home price
- Benefit from future appreciation
- Refinance later if mortgage rates improve
Real estate has historically been a long-term investment, and timing the market perfectly is rarely possible.
Every Local Market Is Different
National trends provide helpful guidance, but real estate is always local.
Some neighborhoods are seeing stronger appreciation than others, while certain areas may offer buyers more negotiating opportunities.
That’s why working with a knowledgeable local real estate professional is so valuable. They can help you understand pricing trends, neighborhood demand, and the best strategy based on your goals.
Bottom Line
The slowdown in home price growth appears to be easing, and many markets are seeing renewed momentum.
For sellers, that means home values remain strong and buyer demand continues to improve.
For buyers, waiting too long could mean paying more as prices continue to rise gradually.
Whether you’re planning to buy, sell, or simply want to understand your home’s value, staying informed about your local market can help you make confident decisions.
Frequently Asked Questions
Are home prices still increasing in 2026?
Yes. While appreciation slowed compared to previous years, many markets are seeing home prices begin to rise again at a healthier and more sustainable pace.
Should I wait for prices to come down?
Trying to time the market is difficult. If you’re financially ready to buy and find the right home, purchasing now may allow you to start building equity sooner.
Is it still a good time to sell?
Yes. Well-priced homes in desirable locations continue to attract motivated buyers, especially when they’re professionally marketed.