8 Markets Where List Prices Have Fallen the Most

February 22, 2012

Median list prices nationwide are up 3.69 percent year over year, according to Realtor.com data, which tracks 146 metro areas. More housing markets are showing signs of stabilizing, as inventories of for-sale homes are dropping.

But a few metro areas continue to see falling list prices. Many of these areas are plagued by foreclosures that are chipping away at home prices. 

The following eight metro areas have seen the largest year-over-year drops in median list prices. 

1. Chicago

Median list price: $186,000

Year-over-year: -11%

2. Detroit

Median list price: $81,700

Year-over-year: -8.20%

3. Las Vegas, Nev.-Ariz.

Median list price: $121,500

Year-over-year: -6.18%

4. Atlanta

Median list price: $150,000

Year-over-year: -5.60%

5. Knoxville

Median list price: $175,000

Year-over-year: -5.35%

6. Sacramento, Calif.

Median list price: $199,000

Year-over-year: -5.24%

7. Los Angeles-Long Beach, Calif.

Median list price: $320,444

Year-over-year: -5.14%

8. South Bend, Ind.

Median list price: $95,500

Year-over-year: -4.40%

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News

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