With the Seattle Times announcing yesterday the 1% decrease in home prices, a look at what is happening elsewhere seems to be in order. Nationally, median list prices have mostly been flat since June, but some markets are still seeing some decreases in home prices, according to the latest data from Realtor.com of 146 metro markets.
The following are the cities where list prices have fallen the most from October to November:
1. Detroit
Month-over-month decrease: -4.61%
Year-over-year decrease: -12.47%
Median list price: $84,900
2. Monmouth-Ocean, N.J.
Month-over-month decrease: -4.32%
Year-over-year decrease: -3.05%
Median list price: $300,444
3. Santa Barbara-Santa Maria-Lompoc, Calif.
Month-over-month decrease: -3.52%
Year-over-year decrease: -1.95%
Median list price: $539,250
4. Pueblo, Colo.
Month-over-month decrease: -3.45%
Year-over-year increase: 0.29%
Median list price: $139,900
5. Tulsa, Okla.
Month-over-month decrease: -3.38%
Year-over-year decrease: -5.34%
Median list price: $140,000
6. Peoria-Pekin, Ill.
Month-over-month decrease: -3.18%
Year-over-year increase: 3.71%
Median list price: $139,900
7. Charleston, W. Va.
Month-over-month decrease: -3.09%
Year-over-year increase: 6.67%
Median list price: $159,900
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