Oakland, Austin, New Orleans, Cape Coral, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, Phoenix, and Sarasota.
Each housing market moves to its own drummer. In some cities, prices of single-family homes have continued to rise, but in others they started to tank in mid-2022 or more recently, and that list of cities with dropping prices has been getting longer, and the list of cities with price drops of 10% or more has been getting longer too.
And there are a bunch of cities that are not included here because prices have dropped a little less than 10% so far, but each monthly decline gets them closer to the double-digit zone…