Cities where house prices have fallen the most
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%
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- 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
