Oakland, Austin, San Francisco, Denver, Tampa, Seattle, Saint Petersburg, Fort Myers, Sarasota, Boise, Jacksonville, Detroit, New Orleans, Portland, Arlington, Naples, Mesa, Aurora, Reno.
Every housing market dances to its own drummer. Condo prices had exploded. But then in some of these markets, prices began to turn south in mid-2022, in other markets in 2023, and in others in 2024. One of the 2024-peakers already made it on this list, which was fast: Arlington, TX (-13% from the peak a year ago).
In many markets, condo prices have been dropping, but to get on this list, prices must be down by at least 12% from the peak. Smaller cities had big declines too but were too small by population to qualify for this list…