The following are the 10 cities where median list prices have dropped the most, based on year-over-year Realtor.com data from September 2011.
1. Chicago
Year-over-year change in median list price: -11.56 percent
Median list price: $199,000
2. Las Vegas
Year-over-year change in median list price: -11.05 percent
Median list price: $120,000
3. Detroit
Year-over-year change in median list price: -10.01 percent
Median list price: $89,900
4. Ventura, Calif.
Year-over-year change in median list price: -9.09 percent
Median list price: $409,000
5. Atlanta
Year-over-year change in median list price: -8.63 percent
Median list price: $159,900
6. San Francisco
Year-over-year change in median list price: -8.63 percent
Median list price: $635,000
7. Santa Barbara-Santa Maria-Lompoc, Calif.
Year-over-year change in median list price: -8.35 percent
Median list price: $549,000
8. Sacramento, Calif.
Year-over-year change in median list price: -8.30 percent
Median list price: $210,000
9. Los Angeles-Long Beach, Calif.
Year-over-year change in median list price: -6.94 percent
Median list price: $335,000
10. Tampa-St. Petersburg-Clearwater, Fla.
Year-over-year change in median list price: -6.67 percent
Median list price: $140,000
My name is Andre Plessis. I am a REALTOR® with Keller Williams® Realty. My mission is to empower and educate people so they learn how to buy and sell real estate correctly to build long-term wealth. The Wealth Creation Team is a team of experienced Estate Planning Attorneys, Tax Advisors, Mortgage Planners and REALTORS®. The WCT is a group of carefully selected professionals who work with individuals to help them eliminate debt, stay out of debt, create and manage their wealth!
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