Key Insights At National Level
U.S. home values for combined single-family detached and single-family attached properties rose approximately 1.1% year-over-year through February 2026, indicating continued modest annual growth in national home values.
On a month-over-month basis, non-seasonally adjusted (NSA) home values increased by ~ 0.3% in February 2026, while seasonally adjusted values rose 0.2%, marking a reversal from the modest monthly declines recorded earlier this winter.
Nationwide, the housing market is beginning to show early signs of stabilization as the Spring buying season approaches. While affordability challenges persist, the return to modest monthly appreciation suggests that seasonal demand may be starting to support home values.
Valuation Model Datasheet
Key Insights At State Level
On a year-over-year basis, Colorado, Florida, the District of Columbia, Arizona, and Georgia recorded the largest annual home value declines, each experiencing decreases of roughly 2% to 3% through February 2026. In contrast, Delaware, Wisconsin, Connecticut, and New York recorded some of the strongest annual home value growth among U.S. states.
On a month-over-month basis, many states posted modest home value gains in February. Mississippi, Wisconsin, and Wyoming recorded some of the strongest monthly increases, while a smaller group of states experienced continued slight declines.
On a non-seasonally adjusted basis, the median month-over-month change in home values turned positive in February, reflecting improving market momentum following several months of winter softness across many regional housing markets.
Despite continued declines in several Sun Belt markets, the distribution of state-level price changes suggests that housing market conditions remain uneven across regions, with Midwestern and Northeastern states generally exhibiting greater resilience.
Top 50 CBSA Markets
On a year-over-year basis, a significant share of the top 50 CBSA markets remain in negative territory through February 2026. North Port–Sarasota (FL), Cape Coral–Fort Myers (FL), and Austin–Round Rock (TX) recorded the largest annual declines, each experiencing drops of roughly 4% to 6%. Milwaukee (WI) continued to stand out with the strongest annual home value growth among major metro markets.
On a month-over-month basis, several technology-driven and coastal markets posted notable gains. San Jose (CA), San Francisco (CA), and Seattle (WA) were among the markets experiencing the strongest monthly appreciation during February.
On a non-seasonally adjusted basis, the median month-over-month change among the top 50 CBSA markets turned positive in February, suggesting that the seasonal transition into the spring housing market may be beginning to support price stabilization across many metropolitan areas.
Several of the metropolitan areas showing the largest annual declines were among the strongest-performing markets during the pandemic housing surge, suggesting that some of the recent price adjustments may reflect an increasing normalization following the rapid appreciation observed between 2020 and 2022.
Why TerraIndex™ HPI
Our Home Price Index (HPI) is based on the proprietary Quantarium Valuation Model (QVM) value estimates for more than 100 million residential U.S. homes. QVM has been tested extensively in the last 5 years by some of the top third-party AVM testing agencies in the U.S. and has been consistently ranked at the top for both Accuracy and Hit Rate performance metrics. QVM was also recently approved by Fitch Ratings for Wall Street transactions. You can read the announcement here.
QVM re-computes the estimated values for the entire national footprint on a weekly basis, along with HPIs at various geography levels – from State, County, CBSA, down to Zip Code and Census Tract. Furthermore, the HPIs produced on any given date are based on proprietary valuation models which include over 90% of all sales transactions that will have been eventually reported through a four-week rolling period ending that date, taking advantage of Quantarium’s industry leading Data Services Platform (QDSP) to reduce the processing time lag to an absolute minimum. That allows Quantarium to provide the most current market insights, weeks faster than most other housing indices in the U.S. Learn more about TerraIndex™ HPI here.
The report for a given month is usually available on the second Wednesday of the following month, for example HPIs for the month of December 2022 were made available on Wednesday, January 11, 2023.
About Quantarium
Located in Bellevue, WA, Quantarium was founded by a team of leading scientists and Ph.D.’s. The company has designed and developed an innovative and enabling set of AI and Visual Technologies currently being deployed across multiple real estate industry sectors. Quantarium is one of the most accurate sources of property insights for over 158 million U.S. properties and trusted by major mortgage lenders, financial institutes, builders, direct marketing agencies, and real estate professionals across the nation. With a technology suite that is different in kind, then degree, the company’s products and services uncover and capitalize on the core DNA of vertical industries. From genetic modeling property valuations and markets that understand and interpret real estate data as expressed through synthetic future populations, through to CV adjusted values, Quantarium offers real AI to drive real value.
For business inquiries, please contact us at 424.210.8847 or discover@quantarium.com.
