Top 10 Cities where Home Prices are Crashing in 2024

Home prices are now dropping in many cities across America in 2024, with values set to decline in the second half of the year in many Sun Belt Housing Markets across states like Texas, Florida, Arizona, and Tennessee.

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10. Nashville, TN – home prices are dropping in many neighborhoods due to an inventory explosion of homes for sale. Some sellers are cutting prices almost $80k below what they bought it for.

9. Dallas, TX – home builders across the DFW metro are slashing prices, with the number of price cuts surging to the highest rate in years.

8. Phoenix, AZ – many real estate investors thought this market was recovering, but it’s now hitting another leg down. The number of homes for sale in Phoenix is spiking by 80% YoY.

7. Huntsville, AL – I like this market over the long-term. Population in Huntsville is growing, however so is the inventory. Median List Prices are dropping fast.

6. San Antonio, TX – inventory in the San Antonio housing market is absolutely exploding, which is now causing home prices to drop in Bexar County.

5. Tampa, FL – home prices in Tampa-St. Pete Housing Market are now going down to a big surge in inventory on the housing market.

4. Cape Coral, FL – the median list price is down 7% over the last year in Cape Coral, with a corresponding spike in inventory and price cuts.

3. Austin, TX – home prices in Austin are down 18% from their peak and are continuing in freefall in 2024 due to a massive spike in inventory and homes for sale.

2. Denver, CO – home prices in Denver are dropping due to how expensive the market is, combined with more people starting to move out. With median list prices declining and price cuts surging.

1. Sarasota, FL – Sarasota/North Port housing market is crashing due to a spike in inventory and price cuts.
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