5 Worst Performing Housing Markets in the US

In this article, we will take a look at the 5 worst performing housing markets in the US. If you wish to see our detailed analysis, you can go to 20 Worst Performing Housing Markets in the US.

5. Scranton

Year-Over-Year Change in Median List Price: -6.7%

Days to Pending: 27.0

Lackawanna County in Pennsylvania hosts the US city of Scranton where home prices have gone down by 6.7% since 2023. 27 days are spent by local properties on the market before becoming pending.

4. Santa Cruz

Year-Over-Year Change in Median List Price: -6.9%

Days to Pending: 16.0

As of February, a year-over-year drop of 6.9% in the median list prices in Santa Cruz has been reported. This indicates a weak housing market in the city.

3. McAllen

Year-Over-Year Change in Median List Price: -7.2%

Days to Pending: 58.0

McAllen is situated in Texas and ranks as another poorly performing housing market in the US. It takes a duration of 58 days for local properties to go pending while the home prices have also decreased.

2. Duluth

Year-Over-Year Change in Median List Price: -7.3%

Days to Pending: 16.5

Duluth is a port city in Minnesota. As reported by Zillow, the year-over-year change in the city’s median prices was -7.3% in February which represents a major price drop.

1. Salinas

Year-Over-Year Change in Median List Price: -8.7%

Days to Pending: 15.0

The California-based city of Salinas ranks at the top of the 20 worst performing housing markets in the US. Median list prices have declined by 8.7% year-over-year in the city, as of February.

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