Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
Tech

Cities where house prices have fallen the most

Image from an article titled

Photo: Laura Gangi Pond (shutter stock)

The COVID-19 pandemic, which began in the spring of 2020, has affected everything, including housing prices. Early on, some parts of the country were inundated with out-of-state buyers who lived in cities and were looking for a little more space. Thanks to higher loan rates, homes in some areas are no longer at the record prices they were a few months ago.

according to Report from Realtor.comthese are the 10 cities where sellers are driving down home prices the most.

1. Reno, Nevada

Median Home Price: $677,500
Percentage of Listings Reduced: 32.6%

  • Home prices rose more than 30% between March 2020 and June 2022

2. Austin, Texas

Median Home Price: $620,000
Percentage of Listings Reduced: 32.4%

  • Home prices surged more than 66% between March 2020 and June 2022

3. Phoenix, Arizona

Median Home Price: $548,500
Percentage of Listings Reduced: 29.5%

  • Home prices rose more than 35% between March 2020 and June 2022

4. Anchorage, Alaska

Median Home Price: $436,00
Percentage of Listings Reduced: 28.5%

  • Home prices rose more than 36% between March 2020 and June 2022

5. Boise, Idaho

Median Home Price: $587,900
Percentage of Listings Reduced: 27.4%

  • Home prices rose more than 53% between March 2020 and June 2022

6. Ogden, Utah

Median Home Price: $580,100
Percentage of Listings Reduced: 27.4%

  • About 40 minutes from Salt Lake City, but costs about $50,000 less for a house

7. Sacramento, California

Median Home Price: $642,500
Percentage of Listings Reduced: 25.2%

  • Home prices rose more than 22% between March 2020 and June 2022

8. Colorado Springs, Colorado

Median Home Price: $550,000
Percentage of Listings Reduced: 25.1%

  • About an hour from Denver, but about $130,000 less in home cost

9. Evansville, Indiana

Median Home Price: $246,000
Percentage of Listings Reduced: 24.7%

  • Home prices rose more than 43% between March 2020 and June 2022

10. Medford, Oregon

Median Home Price: $562,500
Percentage of Listings Reduced: 23.2%

  • Home prices rose more than 28% between March 2020 and June 2022

Cities where house prices have fallen the most

Source link Cities where house prices have fallen the most

Related Articles

Back to top button