Housing markets across North America
Home prices, rents, supply and mortgage rates for the biggest markets in the United States, Canada and Mexico, with the top 10 lists, buy ideas and markets to watch. Updated with the stock data.
Top 10 markets
The leaders on each measure among the 100 biggest US metro areas, every Canadian city in the new home price index and every Mexican state.
Buy ideas
US markets where buyers have the upper hand right now: plenty of price cuts, homes sitting longer, supply rising, decent rent cover and Zillow's own forecast not pointing down.
Markets to watch
Where the trend is turning: prices firming or cooling against the past year, or the number of homes for sale jumping.
Prices across three countries
The BIS residential property price index for each country, rebased to 100 at the start of the period, so the three lines show growth side by side.
Mexico by state
Average and middle prices of homes valued for a mortgage, from Sociedad Hipotecaria Federal.
How this works
- United States: Zillow's typical home value (ZHVI, middle third of homes), rents (ZORI), homes for sale, new listings, days to pending, price cuts, sale-to-list ratio, market heat index and 12-month forecast, for the 150 biggest metro areas.
- Canada: Statistics Canada's New Housing Price Index for each city (new homes only; Canada's resale MLS® figures are licensed and can't be republished), CMHC's average two-bedroom rent, and the Bank of Canada's 5-year mortgage rate.
- Mexico: Sociedad Hipotecaria Federal's quarterly house prices by state. SHF only publishes PDF and Excel tables, so these are entered by hand each quarter.
- Who has the upper hand: a score from −100 (buyer's market) to +100 (seller's market) that averages Zillow's heat index, sale-to-list ratio, share of price cuts, days to pending, supply change and 3-month price trend.
- Gross rent yield: a year of typical rent divided by the typical home value, before costs. A rough guide to whether owning pays.
Market figures are monthly or quarterly statistics from public agencies and Zillow Research, not live prices. Buy ideas and market labels are worked out by fixed rules from those figures. They are not advice: talk to a licensed agent, lender or adviser before you buy.