10 Cities Where Home Prices Are Expected To Drop the Most Over the Next Year

T. Woods

Thu, Jan 23, 2025, 9:00 AM 3 min read

It’s no secret that the American housing market is in a slump, with The New York Times reporting that the country is locked in an unprecedented housing crisis that is the worst in decades. In fact, CNN has reported that only 2.5% of homes in the United States were sold from the previous homeowner to a new one in the first eight months of 2024, which adds up to the absolute lowest home turnover rate in the last 30 years.

There are some silver linings, though.

Check Out: 5 Cities Where Homes Will Be a Total Steal in 2 Years

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Combining resources and information from the U.S. Census, Sperling’s BestPlaces, the Bureau of Labor Statistics, AreaVibes, Zillow and Federal Reserve Economic Research, GOBankingRates has located 10 American cities where housing prices will drop the most in 2025. While the overall market may be in a slump with skyrocketing home prices and expensive cost of living, these 10 cities are projected to have dropping home value percentages and costs by August 2025.

So if the modern housing landscape and cratering market have left you despondent about your chances of owning a home, consider the houses in the following cities, all of which are expected to see lowering prices in the next eight months.