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Places Where Home Prices Have Dropped the Most

Graphiq Logo By Alex Greer of Graphiq | Slide 1 of 56: <p>The median sales price of homes in the U.S. climbed to a new high in November 2016, hitting <a href="http://w.graphiq.com/w/hfvZ8BvfURn">$218,175</a>. That figure marks roughly fives year of <a href="http://www.forbes.com/sites/greatspeculations/2016/12/21/rising-rates-threaten-to-complicate-2017-housing-outlook/#536d5dcf1681">steady growth</a> in the housing market, rebounding from lows in 2011.</p><p>But while prices may be soaring in <a href="https://trends.findthehome.com/stories/29872/places-home-prices-increasing">some places</a>, other areas are seeing a decline in home sales numbers. <a href="http://www.findthehome.com/">FindTheHome</a>, a real estate intelligence site powered by <a href="https://www.graphiq.com/">Graphiq</a>, found the counties in the U.S. where home prices have decreased the most. </p><p>Using data from <a href="http://www.corelogic.com/industry/real-estate-solutions.aspx">CoreLogic</a>, FindTheHome looked at the percent change in average home price between November 2015 and November 2016 for each county. To prevent the list from skewing toward very small counties, the team only included counties with at least 100,000 people.</p><p>The majority of counties in the ranking are either from Southern or Midwestern states and have an average one-year decrease in home price of 3.38 percent. Although falling prices can indicate a crashing market, they’re <a href="https://www.nytimes.com/2017/02/10/upshot/popping-the-housing-bubbles-in-the-american-mind.html?_r=0">not always a bad thing</a>. More affordable housing can also translate to reduced inequality in the economy and more economic mobility for workers. </p><p>Note: FindTheHome used the 6-month moving average of home sale prices for each county when comparing 2015 and 2016 data to further prevent the list from skewing toward small counties. Any ties are due to rounding.</p>

Places Where Home Prices Have Dropped the Most

The median sales price of homes in the U.S. climbed to a new high in November 2016, hitting $218,175. That figure marks roughly fives year of steady growth in the housing market, rebounding from lows in 2011.

But while prices may be soaring in some places, other areas are seeing a decline in home sales numbers. FindTheHome, a real estate intelligence site powered by Graphiq, found the counties in the U.S. where home prices have decreased the most.

Using data from CoreLogic, FindTheHome looked at the percent change in average home price between November 2015 and November 2016 for each county. To prevent the list from skewing toward very small counties, the team only included counties with at least 100,000 people.

The majority of counties in the ranking are either from Southern or Midwestern states and have an average one-year decrease in home price of 3.38 percent. Although falling prices can indicate a crashing market, they’re not always a bad thing. More affordable housing can also translate to reduced inequality in the economy and more economic mobility for workers.

Note: FindTheHome used the 6-month moving average of home sale prices for each county when comparing 2015 and 2016 data to further prevent the list from skewing toward small counties. Any ties are due to rounding.

© Drew Angerer / Getty Images
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