"Home Prices: The Rising and Falling Trends in 10 Cities"
Home prices are falling in cities that experienced significant growth in recent years, as high monthly payments have dampened buyer demand. Pandemic boomtowns like Austin, Texas; Ogden, Utah; and Boise, Idaho, are now seeing a reversal in the upward trend of housing prices. With fewer transactions occurring, sellers are more willing to negotiate and lower their prices, providing potential savings for buyers. Realtor.com compiled a list of the 10 cities where home prices fell the most between August 2022 and August 2023, including Jackson, Mississippi, which experienced a decrease of -0.1% in median listing home price.
