7 US housing markets that are seeing home prices fall the fastest Jennifer SorOctober 2, 2025 at 11:45 PM 0 Sellers are slashing the sales price of their home at a faster pace in a handful of top metro areas, Realtor.com said in its latest monthly report.
- - 7 US housing markets that are seeing home prices fall the fastest
Jennifer SorOctober 2, 2025 at 11:45 PM
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Sellers are slashing the sales price of their home at a faster pace in a handful of top metro areas, Realtor.com said in its latest monthly report.Joe Raedle/Getty Images -
Home buyers are getting some relief in the form of lower home prices recently.
That's partly due to rising inventory and more sellers being willing to slash prices in key metros.
San Diego-Chula Vista-Carlsbad topped the list of markets where prices are dropping the fastest.
House hunters, we have some good news.
Conditions shifted more in favor of buyers last month, as Americans looking to buy a home were greeted with lower median listing prices in a handful of top housing markets.
Realtor.com's latest monthly report shows that the national median list price for a home was around $425,000 in September, down 1.2% from the previous month.
Overall housing inventory in the US grew for the 23rd month in a row in September, and the median home is staying on the market for 15 days longer than it did in September 2022, the report said. Those are a few of the factors that explain why sellers are more willing to slash prices.
"Price cuts are far more common at lower price tiers," the firm said. "This is consistent with more motivated sellers at the bottom of the housing ladder, who need to sell in order to buy their next home, compared to patient and/or price-anchored sellers at the top."
These are the seven housing markets where home prices are dropping at the fastest pace.
San Diego-Chula Vista-Carlsbad, CA
San Diego, CAArt Wager/Getty Images
Median list price: $948,500
Year-over-year change in list price: -4.9%
Total share of price-reduced homes: 19.7%
Year-over-year change in active listings: +25.6%
Miami-Fort Lauderdale-West Palm Beach, FL
Fort Lauderdale, FLTHEPALMER/Getty Images
Median list price: $499,900
Year-over-year change in list price: -4.8%
Total share of price-reduced homes: 16.2%
Year-over-year change in active listings: +16.3%
Los Angeles-Long Beach-Anaheim, CA
Los Angeles, CAMarek Masik/Shutterstock
Median list price: $1,099,000
Year-over-year change in list price: -4.8%
Total share of price-reduced homes: 15.2%
Year-over-year change in active listings: +24.0%
Austin-Round Rock-San Marcos, TX
Austin, TXBackyardProduction/Getty Images
Median list price: $495,000
Year-over-year change in list price: -4.8%
Total share of price-reduced homes: 27.6%
Year-over-year change in active listings: +11.2%
San Jose-Sunnyvale-Santa Clara, CA
San Jose, CAf11photo/Getty Images
Median list price: $1,365,750
Year-over-year change in list price: -4.6%
Total share of price-reduced homes: 11.7%
Year-over-year change in active listings: +12.5%
Phoenix-Mesa-Chandler, AZ
Phoenix, AZCharles Harker/Getty Images
Median list price: $499,000
Year-over-year change in list price: -4.0%
Total share of price-reduced homes: 26.5%
Year-over-year change in active listings: +23.0%
Dallas-Fort Worth-Arlington, TX
Dallas, TXadamkaz/Getty Images
Median list price: $425,000
Year-over-year change in list price: -3.3%
Total share of price-reduced homes: 27.4%
Year-over-year change in active listings: +16.7%
on Business Insider
Source: "AOL Money"
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