- 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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Home Prices Fall For First Time In More Than A Decade
MIAMI, FLORIDA - JANUARY 30: A House For Sale sign is seen outside of a home on January 30, 2019 in Miami, Florida. The pending home sales index dropped 2.2 percent to 99.0, down from 101.2 in November, the weakest reading since April 2014 according to the National Association of Realtors. (Photo by Joe Raedle/Getty Images)
