Cities Where Home Prices Are Dropping Like Flies
July 8, 2017
If you’re in Texas or Florida, you may be happy to know there are some metro areas that are actually experiencing a drop in home price. If you’re looking to move or trying to find an investment property, it may be worth keeping an eye on these areas to see if the average home price continues to dip down even further.
As your favorite moving company, we are committed to keeping you updated with market information and make your next move an easy and stress-free one.
This list was published by GoBankingRates – they analyzed over 250 of the largest U.S. cities by population to figure out where prices are dropping the most. There were nine cities that saw a drop by $5,000 or more year- over-year.
Sugar Land, Texas
April 2016 median list price: $415,495
April 2017 median list price: $399,500
Year-over-year change in median listing price: –$15,995
Miami, Florida
April 2016 median list price: $450,000
April 2017 median list price: $435,000
Year-over-year change in median listing price: –$15,000
McAllen, Texas
April 2016 median list price: $220,000
April 2017 median list price: $205,000
Year-over-year change in median listing price: –$15,000
Houston, Texas
April 2016 median list price: $329,900
April 2017 median list price: $319,000
Year-over-year change in median listing price: –$10,900
Anchorage, Alaska
April 2016 median list price: $324,600
April 2017 median list price: $314,900
Year-over-year change in median listing price: –$9,700
Round Rock, Texas
April 2016 median list price: $315,000
April 2017 median list price: $309,900
Year-over-year change in median listing price: –$5,100
Montgomery, Alabama
April 2016 median list price: $124,900
April 2017 median list price: $119,900
Year-over-year change in median listing price: –$5,000
Columbus, Georgia
April 2016 median list price: $120,000
April 2017 median list price: $115,000
Year-over-year change in median listing price: –$5,000
Newark, Delaware
April 2016 median list price: $220,000
April 2017 median list price: $215,000
Year-over-year change in median listing price: –$5,000
You can view the full report here: “Major Cities Where Home Prices Are Plummeting.”
Popular Posts
January 31, 2024
January 30, 2024
January 25, 2024
