54 major housing markets with falling home prices
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Based on ResiClub’s analysis of the Zillow Home Value Index, nationally aggregated U.S. home prices are up +1.3% year-over-year between August 2025 and August 2026. That year-over-year nationally aggregated pace remains “soft”; however, it’s up a tad from this time last year—back…
According to recent analysis from ResiClub, a total of 54 out of the 300 largest housing markets in the United States experienced falling home prices between August 2025 and August 2026. This represents approximately 18% of the nation's largest housing markets, with year-over-year home prices up 1.3% year-over-year nationally. While this trend is down from previous years, it has stabilized in the past 12 months, after a notable increase in the number of markets slipping into price declines due to supply and demand shifts favoring homebuyers.
The majority of these declining markets are predominantly located in Sun Belt regions and the Mountain West, where new home supply is abundant. In contrast, some markets in states like Texas, Florida, and Colorado, with growing active inventories, are experiencing corrections, modest pullbacks, or flat pricing. The question remains whether another softening in the nationally aggregated housing market will occur, given the recent increase in the 30-year fixed mortgage rate above 7.00%.
Written by urgent.news from Fast Company's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
