Since the beginning of the COVID-19 pandemic, home prices have been fluctuating nonstop. With many employees transitioning to remote work, people suddenly were able to move to different parts of the country, as they no longer had to worry about living near their office.
Some opted to move out of major cities to the suburbs, and others chose to buy homes near beaches and in locales with warmer temperatures. Because of this, some U.S. home prices have skyrocketed, while others have been rapidly decreasing.
The team at RealEstateAgents.com looked at data from the National Association of Realtors to see where home prices have increased and decreased the most in the past year. The study compares median home prices of single-family homes between the fourth quarter of 2021 and the fourth quarter of 2022 to determine where in the U.S. home prices are rising and falling the most. See which cities came out on top.