12/22/2025
After years of rapid price growth, home values are starting to fall in some markets. That’s bad news for sellers, but a potential win for buyers priced out by recent affordability pressures.
Realtor.com economists analyzed the 100 largest U.S. metros to identify the 10 with the biggest year-over-year drops in median home values.
North Port–Bradenton–Sarasota, FL ranked No. 1, with Florida claiming six of the top 10 spots.
"Florida has seen significant market cooling and strong inventory growth, which has driven prices down as the supply of homes for sale outpaces demand," says Joel Berner, senior economist at Realtor. com. "The ancillary costs of homeownership in Florida—like insurance, maintenance, and HOA fees—are also high and growing, which keeps buyers sidelined."