The 14 Bigger Cities with the Biggest Price Declines of Single-Family Homes (-10% to -24%) through August

Oakland, Austin, New Orleans, Cape Coral, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, Phoenix, Sarasota, Naples, Hayward.

In 14 bigger cities, prices of mid-tier single-family homes have dropped by 10% or more from their peaks through August, seasonally adjusted. In two of them, prices have dropped by 24%.

1. Oakland, CA: -24%
2. Austin, TX: -24%
3. Cape Coral, FL: -19%
4. New Orleans, LA: -18%
5. San Francisco, CA: -16%
6. Birmingham, AL: -15%
7. Fort Myers, FL: -13%
8. Washington, DC: -12%
9. Sarasota, FL: -11%
10. Denver, CO: -10%
11. Portland, OR: -10%
12. Phoenix, AZ: -10%
13. Naples, FL: -10%
14. Hayward, CA: -10%

There are many other bigger cities where single-family home prices have declined but haven’t made the 10% cutoff, such as Los Angeles and San Diego (both -4% from the 2024 peak), San Antonio (-8%), Dallas (-6%), Fort Worth (-9%), San Jose (-5%), Atlanta (-5%), Memphis (-7%), Tampa (-6%), Seattle (-7%)…. Each monthly decline gets them closer to the double-digit zone.

In some other cities, prices of single-family homes have continued to rise or have flattened out…

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