9 U.S. Cities Where Home Prices Are Declining

LOS ANGELES, June 20, 2017 /PRNewswire/ -- Despite talk of skyrocketing home prices across the country, these cities are seeing them fall.

Conducted by personal finance website GOBankingRates, this study identifies cities with great housing affordability. GOBankingRates looked at the 250 largest U.S. cities by population, and used data from Zillow to determine where home prices are declining the most. Looking at year-over-year change, nine major cities saw housing prices fall by $5,000 or more, with trends in the South. See the top five, below.

For full study results and more details on methodology, visit: Major Cities Where Home Prices Are Plummeting

Top 5 Cities Where Home Prices Are Plummeting 

5. Anchorage, Alaska

• April 2016 median list price: $324,600
• April 2017 median list price: $314,900
• Year-over-year change in median listing price: -$9,700

4. Houston

• April 2016 median list price: $329,900
• April 2017 median list price: $319,000
• Year-over-year change in median listing price: -$10,900

3. McAllen, Texas

• April 2016 median list price: $220,000
• April 2017 median list price: $205,000
• Year-over-year change in median listing price: -$15,000

2. Miami

• April 2016 median list price: $450,000
• April 2017 median list price: $435,000
• Year-over-year change in median listing price: -$15,000

1. Sugar Land, Texas

• April 2016 median list price: $415,495
• April 2017 median list price: $399,500
• Year-over-year change in median listing price: -$15,995

About GOBankingRates

GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money, to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.

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Kim Dahlgren, Media Relations
GOBankingRates.com
[email protected]
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SOURCE GOBankingRates

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