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53% Of US Housing Markets
Declined Qtr-Over-Qtr
Last quarter, 215 markets (53% of all U.S. real estate) experienced ‘real’ (inflation adjusted) declines in property values compared to the prior Quarter.
For the same period last year 251 markets (62%) saw Q-O-Q declines.
Note: Because of seasonal variations between quarters, it’s best to compare Q-O-Q changes to the ‘year ago’ period rather than the immediately preceding quarter.
Many of the smaller metro markets continued their rise to the top of the appreciation charts last quarter. Surprisingly, some of the hottest ‘pandemic’ markets are working their way back up the appreciation charts too!
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Below is the list of cities with
declining Quarter-Over-Quarter home prices…
Note: These are 3-month percentage decline rates.
Multiply by 4 to get approximate annual equivalent (at current run rate).
![local real estate market trends List Showing Declining Markets Lost Value Quarter-Over-Quarter](https://d3gsyzpdzbwcm4.cloudfront.net/o2/wp-content/uploads/2024/06/11141954/QoQ-Q1-2024-06-03-2024.jpg)
If your markets are on this list, DON’T panic!
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