Study: Housing Markets Where Prices Are…Backpedaling?

Home prices are seemingly on a runaway train in the majority of housing markets, already up 5.5 percent year-over-year at the start of the spring home-buying and -selling season. There are some markets, however, where values are backpedaling, according to a recent GOBankingRates study. They are:

  1. Sugar Land, Texas
    Median List Price (April 2017): $399,500
    Median List Price (April 2016): $415,495
    Price Change: -$15,995
  1. Miami, Fla.
    Median List Price (April 2017): $435,000
    Median List Price (April 2016): $450,000
    Price Change: -$15,000
  1. McAllen, Texas
    Median List Price (April 2017): $205,000
    Median List Price (April 2016): $220,000
    Price Change: -$15,000
  1. Houston, Texas
    Median List Price (April 2017): $319,000
    Median List Price (April 2016): $329,900
    Price Change: -$10,900
  1. Anchorage, Alaska
    Median List Price (April 2017): $314,900
    Median List Price (April 2016): $324,600
    Price Change: -$9,700

Source: GOBankingRates

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