Home Prices Drop in 14 Major US Metros

There are now more sellers than buyers, with homes taking longer to sell than they did a year back.
Home Prices Drop in 14 Major US Metros
A for sale sign in Washington on May 19, 2025. Madalina Vasiliu/The Epoch Times
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The median sales price of homes fell in 14 out of the 50 most populous metros in the United States for the four weeks ending July 27, real estate brokerage Redfin said in a July 31 statement.

Oakland, California, saw the largest drop, with sales price registering a year-over-year decline of 6.8 percent. This was followed by West Palm Beach and Jacksonville in Florida, and Austin and Houston in Texas.