Here Are 20 Major Cities Where Home Prices Are Dropping The Most


Information launched by the S&P Corelogic Case-Shiller index, a number one measure of U.S. residence costs, exhibits residence costs continued to drop throughout the U.S. by December, with main cities like Seattle and San Francisco amongst these displaying the largest declines.

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On Tuesday, S&P Dow Jones Indices reported residence costs have ticked down about 0.8% on a month-to-month foundation, however have fallen more durable in 20 of the nation’s largest cities, and S&P’s Craig Lazzara says residence costs “might nicely proceed to weaken” given the prospects for ongoing financial weak point.

High 20 Main Cities With Month-to-month Residence Worth Declines

  • Phoenix (-1.9%)
  • Portland (-1.9%)
  • Las Vegas (-1.8%)
  • Seattle (-1.8%)
  • San Francisco (-1.8%)
  • Denver (-1.3%)
  • San Diego (-1.3%)
  • Minneapolis (-1.2%)
  • Chicago (-1.2%)
  • Dallas (-1.1%)
  • Detroit (-1.1%)
  • Charlotte (-1.0%)
  • Boston (-0.9%)
  • Tampa (-0.9%)
  • Cleveland (-0.8%)
  • Los Angeles (-0.8%)
  • Atlanta (-0.7%)
  • Washington (-0.4%)
  • Miami (-0.3%)
  • New York (-0.2%)


In February, the median U.S. home-sale worth fell 0.6% 12 months over 12 months, based on a report from actual property brokerage Redfin, marking the primary annual drop since 2012 at a time when day by day common mortgage charges hit 7.1%, pricing out patrons and forcing sellers to decrease their asking costs to regulate to excessive mortgage charges. Residence costs have been prone to come down since mortgage charges rose, pushing borrowing prices to 16-year highs and crushing home-buyer demand, based on Redfin.


The typical month-to-month mortgage cost for homebuyers right now is at a report excessive of $2,520 due partially to excessive mortgage charges, based on Redfin.

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