1. Boise, Idaho
Boise’s red-hot housing market during the pandemic is now a cautionary tale. Overpriced homes and waning buyer interest have led to significant markdowns. Locals who were priced out are waiting for further declines before re-entering the market.
2. Austin, Texas
Once a booming housing market, Austin is now seeing a dramatic downturn. Overbuilding and sky-high prices have led to a glut of unsold homes. Experts predict significant price drops as the market struggles to correct itself.
3. Phoenix, Arizona
Phoenix is facing a sharp decline after years of rapid growth. Rising mortgage rates and a slowing influx of new residents have cooled demand. Investors are pulling out, leaving many properties unsold and prices falling.
4. Las Vegas, Nevada
Las Vegas is grappling with a market slump as speculative buying fades. A reliance on tourism-based income makes the market especially volatile. With fewer buyers and more listings, home values are tumbling.
5. Miami, Florida
Miami’s luxury housing market is taking a hit in 2025. High-interest rates and declining foreign investment have slowed sales. Overpriced properties are being forced into price reductions to attract buyers.
6. San Francisco, California
San Francisco continues its decline as tech layoffs and remote work reshape the market. The exodus of residents to more affordable regions has left an oversupply of high-priced homes. Even with reductions, prices remain unattainable for many.
7. Salt Lake City, Utah
Salt Lake City, once a favorite for out-of-state buyers, is seeing demand dwindle. Rising costs of living and overbuilding are dragging prices down. Sellers are increasingly slashing prices to compete for the few active buyers.
8. Seattle, Washington
Seattle’s market is cooling rapidly as buyers become cautious. Skyrocketing interest rates and an oversaturated market are driving prices lower. Tech industry uncertainty is also dampening confidence in this region.
9. Denver, Colorado
Denver’s housing market is no longer climbing at its once-rapid pace. Overbuilding and inflated property values are leading to price corrections. First-time buyers are holding out for deeper discounts before committing.
10. Nashville, Tennessee
Nashville’s boom is losing steam as the market becomes oversaturated. Investors are retreating, leaving behind unsold homes and declining prices. The once-thriving music city housing market is facing a much-needed reset.
11. Charlotte, North Carolina
Charlotte’s rapid expansion is now leading to trouble. A flood of new developments has created excess inventory, pushing prices down. Homeowners are finding it harder to sell at the values seen just a few years ago.
12. Tampa, Florida
Tampa’s affordability is no longer drawing the same influx of buyers. Rising interest rates and oversupply have led to a notable slowdown. Prices are expected to drop further as sellers compete for fewer buyers.
13. Orlando, Florida
Orlando is grappling with a saturated housing market as demand wanes. Overzealous construction projects have left the area with too many homes and not enough buyers. Prices are falling, especially in suburban neighborhoods.
14. Sacramento, California
Sacramento, once a refuge for Bay Area transplants, is cooling off. Home prices that surged during the pandemic are now in freefall. Many buyers are waiting on the sidelines for better deals as inventory builds up.
15. New Orleans, Louisiana
New Orleans is facing a downturn fueled by economic instability and population stagnation. The local housing market is seeing a rise in foreclosures and price reductions. Buyers are hesitant, knowing better deals may be on the horizon.
