Home Prices Declined the Most in These 10 U.S. Cities in 2022

Home prices fell by amounts not seen in years in several major metro areas.

home prices
(Image credit: Getty Images)

According to a recent Redfin report, home prices fell year over year in 19 of the 50 most highly-populated U.S. cities in 2022. 

The arrival of 6%-plus mortgage rates, record-low new listings, a predicted recession, and a record-low number of new listings drove U.S. home sales down 32% year-over-year, to their lowest level since at least 2015. 

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Ben Demers
Audience Engagement Manager, Kiplinger.com

Ben Demers manages digital content and engagement at Kiplinger, informing readers through a range of personal finance articles, e-newsletters, social media, syndicated content, and videos. He is passionate about helping people lead their best lives through sound financial behavior, particularly saving money at home and avoiding scams and identity theft. Ben graduated with an M.P.S. from Georgetown University and a B.A. from Vassar College. He joined Kiplinger in May 2017.