Austin Home Prices Are Down 12% Since 2022 📉

Key Takeaways

• Austin, TX has seen the largest decline in home prices in the country since 2022, after a pandemic boom.
• Florida's North Port and Cape Coral each have dropped 10%, hurt by rising insurance premiums and low demand.
• Rochester, NY is the hottest property market in America, with prices up 31% in three years, driven by stiff competition and low home prices.

Southern U.S. Markets Are Hurting the Most

Today, Texas and Florida are facing the weakest housing markets in America.

In the West, Oakland is the only metro to appear in the top 10 for home price declines, with values down 3% since August 2022.

By contrast, markets in the Northeast—particularly in New York, Connecticut, and New Jersey—have seen double-digit gains over the past three years, fueled by relative affordability and proximity to major cities.