• Cyndi Cummings

Housing markets that are cooling the fastest and slowest in the u.s.

You are probably aware that the housing market in the U.S. experienced significant changes this summer. In past blog posts, we have discussed some of the impacts on the Austin, Texas market. If you're curious about what has been happening around the rest of the U.S., read on for the 10 housing markets that are cooling the fastest, and the 10 housing markets that are cooling the slowest, along with their median sales price as of May 2022. It is important to note that cooling does not necessarily mean that the prices are dropping. One of the reasons for the cooling, in some instances, is a significant rise in home inventory. In other instances, cooling may indicate that prices are still rising, although at a much slower pace than before.


Markets Cooling the Fastest in the U.S.

  1. San Jose, California — $1,560,000

  2. Sacramento, California — $610,000

  3. Oakland, California — $1,070,000

  4. Seattle, Washington — $850,000

  5. Stockton, California — $576,000

  6. Boise, Idaho — $550,000

  7. Denver, Colorado — $612,000

  8. San Diego, California — $875,000

  9. Tacoma, Washington — $575,000

  10. San Francisco, California — $1,620,000

Markets Cooling the Slowest in the U.S.

  1. Albany, New York — $289,000

  2. El Paso, Texas — $238,000

  3. Bridgeport, Connecticut — $570,000

  4. Lake County, Illinois — $324,400

  5. Rochester, New York — $212,100

  6. New Brunswick, New Jersey — $465,000

  7. Cincinnati, Ohio — $265,000

  8. Akron, Ohio — $200,000

  9. New Haven, Connecticut — $310,000

  10. Virginia Beach, Virginia — $325,000


Source:


https://www.cnbc.com/2022/07/12/us-real-estate-markets-that-are-cooling-the-fastest.html

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