Cities Where Prices Are Actually Dropping

Andrew DePietro  |   June 21, 2017

Home prices are surging in most of the country, but in a few select cities home shoppers may find affordability headed slightly in their favor. GOBankingRates analyzed the 250 largest U.S. cities by population to determine where home prices are dropping the most. Nine major cities saw prices drop by $5,000 or more year over year. 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 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 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 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 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 6. Round Rock, Texas April 2016 median list price: $315,000 April 2017 median list price: $309,900 Year-over-year change in median listing price: –$5,100 7. Montgomery, Ala. April 2016 median list price: $124,900 April 2017 median list price: $119,900 Year-over-year change in median listing price: –$5,000 8. Columbus, Ga. April 2016 median list price: $120,000 April 2017 median list price: $115,000 Year-over-year change in median listing price: –$5,000 9. Newark, Del. April 2016 median list price: $220,000 April 2017 median list price: $215,000 Year-over-year change in median listing price: –$5,000

Source: GOBankingRates.com