04/14/2025

In Some Cities, Home Prices are Dropping

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Home prices are cooling off in many parts of the country, even falling in some regions, as more homes are listed for sale, slightly easing the long-standing inventory crunch.

Prices for single-family homes grew only 2.7 percent nationally in the last year, compared to more than 6 percent the year prior, according to a Washington Post analysis of home value data from the mortgage technology division of Intercontinental Exchange (ICE).

The market is leveling as demand from buyers remains constrained and more homes come up for sale. But costs still remain highly elevated from the pre-pandemic years — since 2019, prices are up nearly 60 percent.

Please select this link to read the complete article from The Washington Post.