The four other metro areas with notable price drops are: The median sale price in Austin declined 13.6 percent between March 2022 and March 2023, with the current median sale price sitting at $450,000.
Nearly 26 percent of for-sale homes in this Texas city have lower estimated monthly housing payments compared to a year ago. The metro area seeing the highest share of for-sale homes that cost less than they did just one a year ago is Austin, Texas, according to a Redfin study released in early May. have seen some of the most notable price drops compared to a year ago, and what the changes mean for the broader housing market. Here’s a look at which metro areas in the U.S.
But in some areas, shockingly high home prices have seemingly started to come down, Kiplinger reported. Low inventory, high mortgage rates, and steep prices have been bad news for prospective homebuyers in recent months.
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