People are always asking about real estate prices, so I try to keep somewhat abreast of those and rental costs.
Oakland, Austin, New Orleans, Cape Coral, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, Phoenix, and Sarasota.
Each housing market moves to its own drummer. In some cities, prices of single-family homes have continued to rise, but in others they started to tank in mid-2022 or more recently, and that list of cities with dropping prices has been getting longer, and the list of cities with price drops of 10% or more has been getting longer too.
And there are a bunch of cities that are not included here because prices have dropped a little less than 10% so far, but each monthly decline gets them closer to the double-digit zone.
In 12 bigger cities, prices of mid-tier single-family homes have already dropped by 10% or more from their peaks through July, seasonally adjusted. In two of them, prices have dropped by 23% so far.
The 12 Bigger Cities with the Biggest Price Declines of Single-Family Homes (-10% to -23%) through J
Greg