Home Prices Fall For First Time In More Than A Decade

  • Year-over-year home prices nudged down in February, breaking a nearly 11-year streak of consecutive price increases, the National Association of Realtors reported Tuesday.
  • Prices fell 0.2% in February compared to the same month in 2022, representing a roughly $700 decline to a median price of $363,000, the NAR reported.
  • While median housing prices have been declining from a record-high of $413,800 in June, February’s slide represents the first year-over-year price drop since February 2012, according to The Wall Street Journal.
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