The 14 Bigger Cities & Counties with the Biggest Price Declines of Single-Family Homes (-10% to -25%) from Peak to October

Oakland, Austin, New Orleans, Manhattan, Lee County (Cape Coral, Fort Myers), Sarasota County, San Francisco, Birmingham, Washington DC, Denver, Phoenix, Contra Costa County…

Prices of mid-tier single-family homes in 14 bigger cities and counties have dropped by 10% to 25% through October from their respective peaks in prior years, seasonally adjusted, after mindboggling price explosions of 60%, 70%, and even over 80% from mid-2020 to their peaks.

The bigger cities or counties with the biggest price drops of mid-tier single-family homes from their peaks (year of peak):

1. Oakland, CA: -25% (2022)
2. Austin, TX: -24% (2022)
3. New Orleans, LA: -19% (2022)
4. Manhattan (New York County), NY: -16% (2020)
5. Lee County (Cape Coral, Fort Myers), FL: -16% (2022)
6. Sarasota County, FL: -16% (2022)
7. San Francisco, CA: -15% (2022)
8. Birmingham, AL: -14% (2022)
9. Washington, DC: -13% (2022)
10. Contra Costa County (SF Bay Area), CA: -12% (2022)
11. Denver, CO: -11% (2022)
12. Collier County (Naples), FL: -11% (2024)
13. St. Petersburg, FL: -11% (2024)
14. Phoenix, AZ: -10% (2024)

Didn’t make the list: There are many other bigger cities and counties where mid-tier single-family home prices have declined from their respective peaks in prior years, but not enough to make the 10% cutoff…

Story continues