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Several news outlets have noted falling housing prices in parts of Texas, Florida, and other states, even as prices continued to rise elsewhere. Austin, TX and San Antonio, TX saw a significant cluster of ZIP Codes with falling housing prices in 2023. On the other hand, parts of Wisconsin, Ohio, New Jersey, New York, and Connecticut saw many ZIP Codes with double-digit price increases. Meanwhile,highlighted that Maine had seen the highest jump in housing demand of any U.S.
One reason: A rising number of homeowners in the area were also looking to sell. With more properties on the market, “buyers didn’t have that fear of missing out like they did when the inventory was less,” Gary Steppe said. Since 2019, home prices have surged 54 percent. In the last year, prices increased 5.8 percent — a more steady rise after the volatile years of the early pandemic, according to a Washington Post analysis of home value data from the mortgage technology division of Intercontinental Exchange . But high interest rates, low inventory and years of price jumps continue to challenge Americans buying homes.
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