Oakland home values have fallen to their lowest point in roughly a decade, and there’s little sign the market will heat up anytime soon.
The typical home value in Oakland was about $716,000 in March, according to the latest available data from real estate company Zillow. That reflected a year-over-year drop of more than $90,000, or 11.4%, after adjusting for inflation.
Among U.S. cities with at least 100,000 residents, Oakland was tied with Cape Coral, Fla. — which last year was dubbed the country’s worst housing market — for the starkest home value drop…