While inventory is low and prices are high in many U.S. markets, Trulia has found that its median home listing prices in some cities have stalled out over the past year, or even fallen.
Based on information gathered from Trulia’s Data Central, the listing service has found and examined the top ten markets where prices have fallen, remained flat, or only risen by less than one percent. San Antonio, Tex. tops this list with a -5.4% change in the median home price between March 2017 and March 2018, down to $269,499. Trulia notes that while San Antonio’s job growth outpaces the national average at 4.2%, its wages have fallen 2.6% from one year earlier, and its median home values have risen 9.4%.
Median listing prices have also fallen over the past year in Austin, Tex. (-3.4%) and Honolulu, H.I. (-1.4%). They have not changed in Camden, N.J., Milwaukee, Wis., or Sacramento, Calif.
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