falling home prices

While mortgage rates remain high and home prices are generally stable nationwide, there are a number of metro areas where prices have fallen. Included is the median list price and the percentage change year over year.

1. Miami, FL – $439,000 – 11.2%
2. Denver, CO – $639,000 – 6.3%
3. Seattle, WA – $777,000 – 5.5%
4. Kansas City, MO – $440,000 – 4.9%
5. Oklahoma City, OK – $339,000 – 4.3%
6. San José, CA – $1,469,000 – 4.0%
7. Tampa, FL – $425,000 – 3.2%
8. Austin, TX – $565,000 – 3.1%
9. Detroit, MI – $260,000 – 3.0%
10. San Antonio, TX – $348,000 – 2.6%
11. Raleigh, NC – $462,000 – 2.6%

For the first time in years, home prices are falling nationally. By and large, prices are falling where they rose the most during the pandemic.

1. Boise, ID
2. Austin, TX
3. Myrtle Beach, SC
4. Phoenix, AZ
5. North port, FL
6. Salt Lake City, UT
7. Pittsburgh, PA
8. Winston, SC
9. Sacramento, CA
10. Chicago, IL