After years of record-breaking appreciation, the market is starting to come back down to earth in some areas where houses are beginning to lose value. While sellers may not welcome the shift, it could finally bring some financial relief to would-be homebuyers who\u2019ve found affordability out of reach in recent years.<\/p>\n
Realtor.com\u00ae economists assessed the country\u2019s 100 largest metros to find the 10 experiencing the greatest year-over-year median home value losses. North Port\u2013Bradenton\u2013Sarasota, FL came in first, with Florida accounting for 6 of the top 10 metro areas.<\/p>\n
\u201cFlorida has seen significant market cooling and strong inventory growth, which has driven prices down as the supply of homes for sale outpaces demand,\u201d says Joel Berner<\/strong>, senior economist at Realtor.com. The ancillary costs of homeownership in Florida\u2014like insurance, maintenance, and HOA fees\u2014are also high and growing, which keeps buyers sidelined.<\/p>\n The median listing price in this area is $478,800, with a median year-over-year value change of -8.6%, or -$36,423. Parts of Sarasota saw home prices shoot way up during the [COVID-19] pandemic, according to real estate agent and investor Ron Myers<\/strong>, of Ron Buys Florida Homes. \u201cPeople were moving fast, bidding high, and many bought sight unseen just to lock something down. Those prices weren\u2019t really sustainable long-term. Now that interest rates are up and monthly payments are higher, demand has slowed.\u201d<\/p>\n The median listing price here is $399,900, with a median year-over-year value change of -7.9%, or -$29,393. Many people who moved to Florida during the pandemic had to go back to the office and move out of Florida, at a time where rates have gone up and stayed up, says Katrina Allison<\/strong>, real estate broker and owner of Absolute Equity Realty Group in Fort Myers.<\/p>\n Austin was a pandemic-era boomtown that saw prices shoot up in 2021 and 2022 that are now coming back down, with a median listing price of $479,000 and a median year-over-year value change of -6.1%, or -$26,970. New construction is part of the story, as builders responded to the spike in demand by building lots of new homes in this metro, and now that existing-home inventory has rebounded as well, supply exceeds demand.<\/p>\n The shift in home values, particularly the drops seen in cities like those in Florida, Colorado, and Texas, signals a market correction after years of rapid growth. This change could bring relief to potential buyers but also reflects the challenges sellers face in a market where supply exceeds demand and where the costs associated with homeownership are rising.<\/p>\n Introduction to the Shift in Home Values After years of record-breaking appreciation, the market is starting to come back down to earth in some areas where houses are beginning to lose value. While sellers may not welcome the shift, it could finally bring some financial relief to would-be homebuyers who\u2019ve found affordability out of reach […]<\/p>\n","protected":false},"author":6,"featured_media":26597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-26595","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i3.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/12\/falling-home-values-in-these-regions-comp-01.jpg?quality=75&strip=all&w=1200&w=1200&resize=1200,799&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/26595"}],"collection":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/comments?post=26595"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/26595\/revisions"}],"predecessor-version":[{"id":26598,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/26595\/revisions\/26598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media\/26597"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media?parent=26595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/categories?post=26595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/tags?post=26595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Cities Experiencing Significant Drops in Home Values<\/h2>\n
North Port\u2013Bradenton\u2013Sarasota, FL<\/h3>\n
Fort Myers, FL<\/h3>\n
Austin, TX<\/h3>\n
Other Affected Cities<\/h3>\n
\n
Conclusion<\/h2>\n
FAQs<\/h2>\n
\n
\nA: Florida is the most affected, with 6 of its metro areas among the top 10 experiencing the greatest year-over-year median home value losses.<\/li>\n
\nA: The main reasons include market cooling, strong inventory growth, high and growing ancillary costs of homeownership (like insurance, maintenance, and HOA fees), and new construction that has led to a supply exceeding demand.<\/li>\n
\nA: No, condos and townhomes, especially in areas like Denver, are seeing significant drops due to rising HOA and insurance costs.<\/li>\n
\nA: While the trend is more pronounced in certain regions like Florida, it is part of a broader national trend of market correction after the rapid growth during the pandemic.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"