10 US Real Estate Markets To Avoid for Now in 2013

1. Boise, Idaho

Home value in December 2022: $481,736  Home value in December 2021: $502,904  Change in home value (%): 4.21%  New for-sale inventory (active unique listings): 2,909  Mean days to close: 29  Share of listings with price cuts: 34.3%

2.Reno, Nevada

 Home value in December 2022: $546,514  Home value in December 2021: $545,950  Change in home value (%): 0.1%  New for-sale inventory (active unique listings): 1,763  Mean days to close: 33  Share of listings with price cuts: 29.87%

3. Phoenix 

Home value in December 2022: $452,881 Home value in December 2021: $434,518 Change in home value (%): 4.23% New for-sale inventory (active unique listings): 21,874 Mean days to close: 27 Share of listings with price cuts: 35.75%

4.San Jose, California

Home value in December 2022: $1,643,354 Home value in December 2021: $1,594,025 Change in home value (%): 3.09% New for-sale inventory (active unique listings): 1,497 Mean days to close: 29 Share of listings with price cuts: 21.81%

Home value in December 2022: $541,535 Home value in December 2021: $540,113 Change in home value (%): 0.26% New for-sale inventory (active unique listings): 9,738 Mean days to close: 28 Share of listings with price cuts: 30.59%

5.Austin, Texa

6.San Francisco

Home value in December 2022: $1,444,267 Home value in December 2021: $1,434,173 Change in home value (%): 0.7% New for-sale inventory (active unique listings): 5,056 Mean days to close: 26 Share of listings with price cuts: 21.94%

7.New York

10 US Real Estate Markets To Avoid for Now Home value in December 2022: $626,122 Home value in December 2021: $579,214 Change in home value (%): 8.1% New for-sale inventory (active unique listings): 28,958 Mean days to close: 59 Share of listings with price cuts: 14.26%

8.Pittsburgh

Home value in December 2022: $210,373 Home value in December 2021: $203,505 Change in home value (%): 3.37% New for-sale inventory (active unique listings): 6,154 Mean days to close: 44 Share of listings with price cuts: 23.34%

Home value in December 2022: $210,373 Home value in December 2021: $203,505 Change in home value (%): 3.37% New for-sale inventory (active unique listings): 6,154 Mean days to close: 44 Share of listings with price cuts: 23.34%

9. Los Angeles 

Home value in December 2022: $945,424 Home value in December 2021: $909,306 Change in home value (%): 3.97% New for-sale inventory (active unique listings): 15,657 Mean days to close: 30 Share of listings with price cuts: 21.88%

10. Salinas, California

Home value in December 2022: $822,773 Home value in December 2021: $796,065 Change in home value (%): 3.36% New for-sale inventory (active unique listings): 479 Mean days to close: 31 Share of listings with price cuts: 20.3%