Phoenix is #2 !!! - - - - - (Austin is #1 )

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Following are the cities where housing markets are cooling fastest.

1. Austin, Texas

This metro area’s median home list price as of September: $558,275

Change in this metro area’s median home list price since June: 10.3% decrease

2. Phoenix

This metro area’s median home list price as of September: $493,500

Change in this metro area’s median home list price since June: 9.9% decrease

3. Palm Bay, Florida

This metro area’s median home list price as of September: $379,995

Change in this metro area’s median home list price since June: 8.9% decrease

4. Charleston, South Carolina

This metro area’s median home list price as of September: $500,000

Change in this metro area’s median home list price since June: 8.6% decrease

5. Ogden, Utah

This metro area’s median home list price as of September: $532,500

Change in this metro area’s median home list price since June: 8.6% decrease

6. Denver

This metro area’s median home list price as of September: $625,000

Change in this metro area’s median home list price since June: 8% decrease

7. Las Vegas

This metro area’s median home list price as of September: $460,000

Change in this metro area’s median home list price since June: 7.9% decrease

8. Stockton, California

This metro area’s median home list price as of September: $581,725

Change in this metro area’s median home list price since June: 7.7% decrease

9. Durham, North Carolina

This metro area’s median home list price as of September: $460,000

Change in this metro area’s median home list price since June: 7.5% decrease

10. Spokane, Washington

This metro area’s median home list price as of September: $449,900

Change in this metro area’s median home list price since June: 7.4% decrease

[John Semanchuk]

Sale prices are more meaningful than list prices.   Sale prices are holding up so far in Charleston, Berkeley and Dorchester counties.   

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