Home prices increased from a year earlier in all 50 of the largest U.S. metros in December, the first time that’s happened in more than two years, according to RedFin.

Home prices rose the fastest in traditionally lower-cost Midwest cities like Cleveland and Milwaukee while prices in Florida flattened out, but all major cities saw at least some growth for the first time since March 2022, Redfin said. 

Nationally, prices rose to a median of $427,670, up 6.3% and the largest gain in nearly a year. The latest gains aren’t good news for people looking for affordable options in low-cost areas, the national brokerage said. 

In Cleveland, the median home sale price rose 15% annually in December, the biggest jump among cities.  Other double-digit gainers included Milwaukee (14.5%), Philadelphia (14%), Miami (11.8%) and Chicago (11.1%).

“Affordable housing havens have become harder and harder to come by; even places that saw some price relief last year, like Texas and Florida, are now seeing prices tick back up,” Redfin Senior Economist Elijah de la Campa said.

Prices inched up 0.5% in Tampa, Florida, the smallest year over year increase among the cities. Other metros with low-single digit increases included Florida’s Orlando (1.3%) and Jacksonville (1.3%); and the Texas cities of Austin (1.5%) and San Antonio (1.6%).

Home prices had been falling in some Florida and Texas cities with increased home building, Redfin said. There has also been lower demand for homes in Florida, which has had a string of hurricanes and an ongoing insurance crisis.