10 US cities Home prices are falling fastest
October 12, 2022 - Texas
The median home listing price has plunged by more than 10% in Austin, Texas, since June.. That marked the steepest decline of any city in the US over that period.
The median home list price in Austin, Texas was $558,275 in September, down 10.3% compared to its level in June. On an annual basis, prices are still 2.2% higher than they were one year ago – an indication of just how hot the housing market became during the pandemic-era boom in buying activity.
Phoenix ranked second among the markets with the steepest three-month declines in listing prices. The city’s median home list price declined 9.9% to $493,500 in September. Palm Bay was third with a decline of 8.9% to $379,995 for the month.
Other cities rounding out the top 10 list of buyer-friendly markets included Charleston, Ogden, Denver, Stockton, Durham and Spokane.
Via New York Post
blog, home prices, US cities, falling