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From FastCompany:
Housing markets with falling home prices just hit highest level since 2012
Among the nation’s 200 largest metro-area housing markets:
- 62% saw home prices rise year over year from July 2024 to July 2025
- 38% saw home prices fall year over year from July 2024 to July 2025
That’s the highest share of housing markets with falling year-over-year home prices since October 2012—when the housing market was starting to rebound following the 2007-2011 housing market crash.
Most housing markets are still seeing rising home prices on a year-over-year basis; however, the share of markets with falling year-over-year home prices is ticking up.

