While the median asking price for a U.S. home hit a record $300,000 in Jan, not all housing markets are seeing the same boost, according to data from Realtor.com
Asking prices are falling in many metro areas where housing values were once running away. For example, the median list price in San Jose, California, was $1,100,050 in March. That’s the highest asking price of 500 U.S. metro areas, but it’s 11.6% lower than last year.
Median list prices in Denver and Boulder, Colorado – once-hot markets – also showed similar drops. The worst decline was in Lynchburg, Virginia, where the median ask price plummeted 37% year-over-year to $145,000.
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Overall, 114 of the 500 markets Realtor.com surveyed experienced a fall in the median listing price. Here are the top 10.
Lynchburg, Virginia
Median list price: $145,000
Change from last year: -37%
St. Joseph, Missouri-Kansas
Median list price: $109,950
Change from last year: -21.5%
DuBois, Pennsylvania
Median list price: $101,250
Change from last year: -18.5%
Roanoke Rapids, North Carolina
Median list price: $150,050
Change from last year: -15.5%
Boulder, Colorado
Median list price: $575,050
Change from last year: -12.9%
Denver-Aurora-Lakewood, Colorado
Median list price: $475,050
Change from last year: -12.4%
Truckee-Grass Valley, California
Median list price: $479,050
Change from last year: -12%
Martinsville, Virginia
Median list price: $109,950
Change from last year: -12%
Midland, Texas
Median list price: $350,050
Change from last year: -11.6%
San Jose-Sunnyvale-Santa Clara, California
Median list price: $1,100,050
Change from last year: -11.6%
