Realtor.com says that 1 in 5 metropolitan areas are now seeing decreases in home prices, compared with half as many just one year ago. So, where exactly have home prices fallen the most? To come up with that list, they looked at the median list price changes from April 2018 to April 2019 in the 250 biggest metropolitan areas.
“Some markets are seeing price drops due to overbuilding: This creates too much supply and not enough demand, so prices naturally fall. And just like in past years, in other areas, natural disasters devastated lives, communities, and local real estate.”