Is the red-hot housing market starting to cool?

When drilling down to the largest metro areas in the country, active listing prices grew an average of 7.4 percent in May 2021 compared with May 2020, lower than the growth rate of 11.6 percent in April. Regionally, listing prices increased the most in Western markets (13.3 percent), compared with 8.2 percent in Southern markets, 5.9 percent in Northeastern metro areas and 1 percent in Midwestern metro areas.