2025-10-02T14:45:19Z
Home buyers are getting some relief in the form of lower home prices recently.
That’s partly due to rising inventory and more sellers being willing to slash prices in key metros.
San Diego-Chula Vista-Carlsbad topped the list of markets where prices are dropping the fastest.
House hunters, we have some good news.
Conditions shifted more in favor of buyers last month, as Americans looking to buy a home were greeted with lower median listing prices in a handful of top housing markets.
Realtor.com’s latest monthly report shows that the national median list price for a home was around $425,000 in September, down 1.2% from the previous month.
Overall housing inventory in the US grew for the 23rd month in a row in September, and the median home is staying on the market for 15 days longer than it did in September 2022, the report said. Those are a few of the factors that explain why sellers are more willing to slash prices.
“Price cuts are far more common at lower price tiers,” the firm said. “This is consistent with more motivated sellers at the bottom of the housing ladder, who need to sell in order to buy their next home, compared to patient and/or price-anchored sellers at the top.”
These are the seven housing markets where home prices are dropping at the fastest pace.
San Diego-Chula Vista-Carlsbad, CA
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Miami-Fort Lauderdale-West Palm Beach, FL
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Los Angeles-Long Beach-Anaheim, CA
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Austin-Round Rock-San Marcos, TX
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San Jose-Sunnyvale-Santa Clara, CA
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Phoenix-Mesa-Chandler, AZ
Charles Harker/Getty Images
Dallas-Fort Worth-Arlington, TX
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