110 Housing Markets Where Prices Are Falling

As of June 2025, 110 of the largest 300 housing markets experienced year-over-year price declines
July 21, 2025
2 min read
52798739 © Bryan Roschetzky | Dreamstime.com
River running through Austin, Texas
In Austin, Texas, home prices fell by 5.8% year-over-year.

Nationwide home price growth is slowing. Between June 2024 and June 2025, home prices grew by just 0.2%. This is a significant drop from June 2023 to June 2024 when home prices grew by 3.2%, according to the ResiClub blog.

In fact, significantly more markets are experiencing price declines. Of the 300 largest U.S. housing markets, 110 (or 36%) experienced year-over-year home-price declines in June. Comparatively, from January 2024 to January 2025, only 31 of the nation’s 300 largest housing markets saw home prices fall.

Where are home prices falling the most?

Many Southern housing markets have experienced home-price declines over the past year. Austin, Texas, for instance, saw home prices fall by 5.8% from June 2024 to June 2025. Tampa, Fla. and Miami also saw prices fall by 5.7% and 3.8%, respectively, during the same period.

Where are home prices still rising?

While more than one-third of the nation’s 300 largest metros are experiencing declining home prices, the remaining 190 are still seeing prices grow year-over-year, if less robustly. Most of these markets are located throughout the Northeast and Midwest. In the Utica, N.Y. metro, home prices grew by 5.5% from June 2024 to June 2025, and in Rockford, Ill., they grew by 6.5% during the same period. The New York City-Newark, N.J. metro also saw home prices rise by 4.1% year-over-year.

Nationwide home price growth has been slowing over the past year

 

Sign up for Pro Builder Newsletters
Get the latest news and updates.