Cities with Fastest Home Price Declines

Home sellers across many U.S. cities are lowering asking prices due to a cooling housing market and higher mortgage rates. The median listing price per square foot declined 1.8% nationally in August, marking the tenth consecutive month of annual decreases, with significant drops in cities that experienced pandemic-era booms. The market adjustment reflects increased inventory and changing demand, with some markets seeing steady price declines while others, like Providence, experienced modest rises.

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