The 10 U.S. Cities Where Home Sales Have Declined Most

The landscape of the real estate market has gone through significant changes over the last year. Home prices are still considerably higher in many places compared to pre-pandemic prices. In addition, we saw a significant increase in interest rates in 2022. Throw in a lack of inventory in many places, job uncertainty for some, and we have seen a market slowdown across much of the U.S. If you're wondering where the home sales have slowed most, read on for the top 10 cities. The data is from November 2021 - November 2022.

Top 10 U.S. Cities Where Home Sales Have Declined the Most

1. Tucson, Arizona: Year-over-year change is -64.9%

2. Las Vegas, Nevada: Year-over-year change -60.2%

3. Charleston, South Carolina: Year-over-year change -58.2%

4. Ventura, California: Year-over-year change -53.1%

5. Salt Lake City, Utah: Year-over-year change - 53%

6. Jacksonville, Florida: Year-over-year change -52.2%

7. Colorado Springs, Colorado: Year-over-year change -48.3%

8. Atlanta, Georgia: Year-over-year change -47.5%

9. Raleigh, North Carolina: Year-over-year change -47%

10. Washington, DC: Year-over-year change -45.8%

Source:

https://www.realtor.com/news/trends/the-great-slowdown-these-are-the-u-s-cities-where-home-sales-are-down-the-most/?identityID=5b61da44b0162aca25000040&MID=2023_0221_ArticleNL&RID=5526101382&cid=eml_promo_Marketing_NonPRSL_ArticleNL_cons.16221922_2023_0221_ArticleNL-hero-blogs_trends