Homeowners Should Brace for Property Price Drop: Data, Experts

Homeowners Should Brace for Property Price Drop: Data, Experts
A 'for sale' sign hangs in front of a home in Miami, Fla., on June 21, 2022. Joe Raedle/Getty Images
Petr Svab
Updated:
0:00

Real estate prices have declined over the past several months, but there could be much more to come, data and experts indicate.

The median home price has dropped by about 7 percent since its peak in June. It’s still up by about 6 percent since October 2021 and more than 35 percent up since early 2020, according to data from Zillow, a listing site.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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