Nationally, median list prices have risen 1.60 percent to $190,000, based on year-over-year data from September. However, some cities haven’t fared so well.
California continues to have the most cities seeing some of the largest drops in median list prices the past year. Of the cities that have seen the largest drops in list prices year-over-year from September 2011, California cities make up half of those in the top 10. Yet, California cities haven’t faced the largest drops in for-sale prices the last year — that belongs to Chicago.
The following are the 10 cities where median list prices have dropped the most, based on year-over-year Realtor.com data from September 2011.
1. Chicago
Year-over-year change in median list price: -11.56 percent
Median list price: $199,000
2. Las Vegas
Year-over-year change in median list price: -11.05 percent
Median list price: $120,000
3. Detroit
Year-over-year change in median list price: -10.01 percent
Median list price: $89,900
4. Ventura, Calif.
Year-over-year change in median list price: -9.09 percent
Median list price: $409,000
5. Atlanta
Year-over-year change in median list price: -8.63 percent
Median list price: $159,900
6. San Francisco
Year-over-year change in median list price: -8.63 percent
Median list price: $635,000
7. Santa Barbara-Santa Maria-Lompoc, Calif.
Year-over-year change in median list price: -8.35 percent
Median list price: $549,000
8. Sacramento, Calif.
Year-over-year change in median list price: -8.30 percent
Median list price: $210,000
9. Los Angeles-Long Beach, Calif.
Year-over-year change in median list price: -6.94 percent
Median list price: $335,000
10. Tampa-St. Petersburg-Clearwater, Fla.
Year-over-year change in median list price: -6.67 percent
Median list price: $140,000
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News
10 Cities Where List Prices Have Fallen the Most
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