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    Home prices are down as much as 12% in boomtowns in Florida, Texas, and other popular states

    By Jennifer Sor,

    4 hours ago

    https://img.particlenews.com/image.php?url=3M3cdS_0w3OOdAi00

    https://img.particlenews.com/image.php?url=1Lrkj2_0w3OOdAi00
    • Home prices are dropping in some of America's most popular cities.
    • Metros in Florida, Texas, and other states are seeing prices fall by as much as 12%, per Realtor.com.
    • Demand is easing in some cities that saw a surge in demand during the pandemic.

    Home prices are tumbling in a handful of pandemic boomtowns, thanks to a buildup of inventory that's beginning to exceed the level of demand.

    Home prices have dropped as much as 12% in metros throughout the US, according to data from Realtor.com . That's a steeper decline compared to the rest of the country, with the national median home price falling just 1% year-over-year in September, the real estate listings site said in a report.

    Demand in some pandemic boomtowns has fallen over the past year, as states like Florida and Texas see issues like a rising cost of living, weather events, and tense political climates that have caused some residents to sour on the state.

    Here are the top 10 cities where home prices are falling the most, according to Realtor.com.

    1. Miami, Florida

    https://img.particlenews.com/image.php?url=1EiKM0_0w3OOdAi00

    Median list price: $525,000

    Change from last year: -12.4%

    2. Cincinnati , Ohio

    https://img.particlenews.com/image.php?url=1m1Obi_0w3OOdAi00

    Median list price: $337,000

    Change from last year: -9.5%

    3. San Francisco, California

    https://img.particlenews.com/image.php?url=0DSJjr_0w3OOdAi00

    Median list price: $997,500

    Change from last year: -8.9%

    4. Kansas City, Missouri

    https://img.particlenews.com/image.php?url=1FToVo_0w3OOdAi00

    Median list price: $389,500

    Change from last year: -8.4%

    5. Austin, Texas

    https://img.particlenews.com/image.php?url=4fUX44_0w3OOdAi00

    Median list price: $520,000

    Change from last year: -6.6%

    6. Jacksonville, Florida

    https://img.particlenews.com/image.php?url=0oJVOy_0w3OOdAi00

    Median list price: $399,000

    Change from last year: -6.1%

    7. Denver, Colorado

    https://img.particlenews.com/image.php?url=4Sj8VA_0w3OOdAi00

    Median list price: $610,250

    Change from last year: -6%

    8. Orlando, Florida

    https://img.particlenews.com/image.php?url=4EVtpt_0w3OOdAi00

    Median list price: $429,950

    Change from last year: -5.6%

    9. Tampa, Florida

    https://img.particlenews.com/image.php?url=38Tw97_0w3OOdAi00

    Median list price: $414,948

    Change from last year: -5.5%

    10. Nashville, Tennessee

    https://img.particlenews.com/image.php?url=4MW6FV_0w3OOdAi00

    Median list price: $547,865

    Change from last year: -5.4%

    Read the original article on Business Insider
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    Comments / 1
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    Jtaz
    now
    Lots of cheap houses now, may need some work!
    View all comments
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