The housing market has been in a serious crunch with Kovid -19 epidemic Limited inventoryHouse prices in 7% range and hostage, many home buyers continue to keep locked outBut even amidst such tight obstacles, a slight decline in house prices can still be found in some areas of the country.
This is according to a new Report From realtor.com, which finds that the average house prices in the 50 largest metro regions of the country have declined slightly compared to three years ago in July 2025. Middle house prices hit a braid According to Federal Reserve Bank of St. Louis, $ 443,000 in July 2022.
According to the report of realtor.com, the extent to which house prices are decreasing vary from the region to the region, which is based on the housing data of the brokerage platform.
“Housing market has cooled marginally in 2025,” said in a statement on the report, the chief economist of realtor.com said in a report on the report. “But the boundary and perseverance of rebellion vary across the country. And regional, homebuits and vendors are likely to have a very different market experience.”
Those remarkable value is the inventory behind the difference. Right now, the housing market is essentially divided into two camps, with high inventory in the south and west, where deep price cuts can be found, and more limited inventory in midwests and north -east, where the price changes are “relatively tight,”. Report,
“This is a story of supply and demand,” Jake Crimle, Senior Economist of Relator.com and Author of July 2025 ReportTold CBS Manivatch. “When you have fewer houses for sale, and if there is still enough demand, it is probably going to pressure prices or stop falling them from falling.”
Cities where prices are falling
In 2025, the biggest decline in the middle listing prices is concentrated to the south and west, where all of the 50 largest American metro regions with average housing prices below July 2022 are located.
Gary Ashton, founder of Ashton Real Estate Group of RE/Max Advantage, said in a statement on Realtor.com, “After years of intensive competition, it is starting to feel more balanced – especially in South and West,” RE/Max Advantage, the founder of ASTATOR GRAI ASTATATEG, Gary Astate Group’s founder Gary Astate Group, Gary ASTOR ASTORE ASHATOR.C. “This is not yet a buyer’s market, but we are moving in that direction.”
Cities where the biggest decline in the price was seen was Austin, where the prices of the middle listing have fallen by about 15% in the last three years; And Miami, where prices have come down by about 19%.
According to Crimle, the inventory in these markets is increasing due to the fact that homes are living in the market for a long time, more domestic sellers are reducing prices and climbing new listing.
He said that a boom in the building promoted the supply of housing in areas during the Kovid -19 epidemic, when there was an explosion in the demand for markets like Austin, Denver and Florida, he said.
Austin, Los Angeles and Miami saw the biggest fall in the middle listing price in the last one year, although prices in Los Angeles are more than 18% of the average listing price in 2022.
Cities where prices are rising
Krewel said that according to Crimema, the housing market in the northeast and midwest cities is squeezed, due to the “sticky high” prices and tight inventory, Crimle said. Other contributors factors include strict zoning and land use regulation laws that make new homes more difficult, they said.
According to the report, in New York, for example, medieval listing prices have climbed about 16% since 2022. Median listing prices increased by 26%in Milwauki.
In addition, according to Crimle, the number of active listings per month in the Northeast is 50% below in the east. He said that the number of active listings in midwests is 40%below, indicating an inventory deficiency in both areas.
While northeastern cities such as Boston and Philadelphia have reduced the average listing prices compared to the previous year, with a decrease of 1.4% and 1.2%, the prices of those people have remained at least 10% from 2022 respectively.
“To the extent the northeast and midwests fall in the Northeast and Midwest, it is a very minor number for the most part.
