{"id":1545,"date":"2025-11-06T11:44:25","date_gmt":"2025-11-06T16:44:25","guid":{"rendered":"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/"},"modified":"2026-04-13T10:42:29","modified_gmt":"2026-04-13T14:42:29","slug":"home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest","status":"publish","type":"post","link":"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/","title":{"rendered":"Home Prices Fall in 23% of Markets But Remain Strong in Northeast and Midwest: A Second-Chance Opportunity for Buyers: Mistakes to Avoid"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/#Markets_with_Falling_Prices_A_Closer_Look\" >Markets with Falling Prices: A Closer Look<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/#Typical_monthly_payments_for_homebuyers\" >Typical monthly payments for homebuyers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/#External_Resources\" >External Resources<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/#Home_Prices_Fall_Practical_Checklist\" >Home Prices Fall: Practical Checklist<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/#FAQ_Home_Prices_Fall\" >FAQ: Home Prices Fall<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/#What_should_be_planned_first\" >What should be planned first?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Markets_with_Falling_Prices_A_Closer_Look\"><\/span>Markets with Falling Prices: A Closer Look<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<p>Home prices fell annually in 23% of markets last quarter, but price growth remained strong in the Northeast and Midwest, according to new data from the National Association of Realtors.<\/p>\n<p><strong>Home Prices Fall<\/strong> helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.<\/p>\n<p>Median sales prices for existing single-family homes declined on an annual basis in 51 metro areas out of the 230 tracked, while rising in 176 markets (77%), according to the NAR&#8217;s quarterly report released on Thursday.<\/p>\n<p>The markets with falling prices were clustered in the South and West, with parts of Texas and Florida seeing some of the biggest declines. Meanwhile, the Northeast and Midwest continued to see healthy gains.<\/p>\n<p>Nationally, home sales prices rose 2.2% from a year ago in the third quarter, which included sales that closed in July, August, and September.<\/p>\n<p>\u201cHome sales have struggled to gain traction, but prices continue to rise, contributing to record-high housing wealth,\u201d says NAR Chief Economist <strong>Lawrence Yun<\/strong>. \u201cMarkets in the supply-constrained Northeast and the more affordable Midwest have generally seen stronger price appreciation.\u201d<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption><\/figcaption><\/figure>\n<p>Among large markets, Trenton, NJ saw the biggest annual price gain of 9.9%, followed by Lansing, MI (9.8%) and New York&#8217;s Long Island (9.4%).<\/p>\n<p>Larger markets with falling prices included Reno, NV (-3.6%), Boulder, CO (-3.3%), and Tampa, FL (-2.4%).<\/p>\n<p>Among the markets tracked by NAR, only one with falling prices was located outside the South or West: Sioux City, IA, where home prices were down -1.6% annually.<\/p>\n<p>&#8220;Ample supply in the South and West has eased pressure on home prices, while tight inventory in the Northeast and Midwest continues to push prices higher,&#8221; says Realtor.com\u00ae senior economic data analyst <strong>Hannah Jones<\/strong>. &#8220;Even with recent cooling, prices in the South and West remain near record highs, so buyers there aren\u2019t necessarily finding bargains, just more choices.&#8221;<\/p>\n<p>Yun noted that price declines are occurring mainly in southern states, where there has been robust new home construction in recent years, helping to alleviate supply constraints.<\/p>\n<p> \u201cGiven the region\u2019s faster job growth, these price drops should be viewed as temporary and as a second-chance opportunity for those previously priced out of the market,\u201d he says.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-typical-monthly-payments-for-homebuyers\"><span class=\"ez-toc-section\" id=\"Typical_monthly_payments_for_homebuyers\"><\/span>Typical monthly payments for homebuyers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nationally, the typical monthly mortgage payment for a home purchased in the third quarter would be $2,187, assuming a down payment of 20%, according to the NAR report.<\/p>\n<p>That median monthly payment is down 2.8% from the prior quarter, but up 2.1% from a year earlier.<\/p>\n<p>The average family who bought a home last quarter is spending 24.8% of their income on monthly mortgage payments, down slightly from 25.2% a year ago due to rising incomes.<\/p>\n<p>For first-time buyers, the typical mortgage payment on a starter home was $2,146, taking NAR&#8217;s assumption of a home valued at $362,800 with a 10% down payment.<\/p>\n<p>First-time buyers are spending 37.4% of their income on mortgage payments on average, down from 38.1% a year ago.<\/p>\n<p>A recent NAR report found that the typical first-time homebuyer is now 40 years old, a record high. First-time buyers accounted for just 21% of all home purchases this year, the lowest share on record.<\/p>\n<p>The markets with falling prices were clustered in the South and West, with parts of Texas and Florida seeing some of the biggest declines. Meanwhile, the Northeast and Midwest continued to see healthy gains.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"External_Resources\"><\/span>External Resources<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/developers.google.com\/search\/docs\/essentials\" target=\"_blank\" rel=\"noopener\">Google Search Essentials<\/a> and <a href=\"https:\/\/developer.wordpress.org\/plugins\/\" target=\"_blank\" rel=\"noopener\">WordPress Plugin Handbook<\/a> are useful references for best practices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Home_Prices_Fall_Practical_Checklist\"><\/span>Home Prices Fall: Practical Checklist<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Confirm scope and audience<\/li>\n<li>Define the content goal and CTA<\/li>\n<li>Use clear headings and examples<\/li>\n<li>Add supporting internal links<\/li>\n<li>Review before publishing<\/li>\n<\/ul>\n<p>Most quality issues come from unclear scope and rushed publishing. A simple checklist improves consistency and readability.<\/p>\n<p>Review your introduction, headings, and conclusion to ensure the article matches search intent and provides practical next steps for the reader.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQ_Home_Prices_Fall\"><\/span>FAQ: Home Prices Fall<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_should_be_planned_first\"><\/span>What should be planned first?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Start with the goal, audience, and deliverables so the final content and media support the same outcome.<\/p>\n<p><strong>Need help implementing this workflow?<\/strong> Contact Miami Real Estate Insights &amp; Market Trends to plan a practical content and media process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home Prices Fall in 23% of Markets But Remain Strong in Northeast and Midwest: A Second-Chance Opportunity for Buyers: Mistakes to Avoid: Markets with Falling P<\/p>\n","protected":false},"author":1,"featured_media":1546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"7 Proven Home Prices Fall Mistakes to Avoid","rank_math_description":"Markets with Falling Prices: A Closer Look Home prices fell annually in 23% of markets last quarter, but price growth remained strong in the Northeast and","rank_math_focus_keyword":"Home Prices Fall","rank_math_canonical_url":"https:\/\/www.brickellsold.com\/blog\/home-prices-fall-in-23-of-markets-but-remain-strong-in-northeast-and-midwest\/","rank_math_robots":"index,follow","footnotes":""},"categories":[1719],"tags":[4544,4543,4546,4548,4545,4479,4547,4478],"class_list":["post-1545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miami-real-estate","tag-home-prices","tag-home-prices-fall","tag-midwest","tag-nar","tag-northeast","tag-real-estate-photography-tips","tag-realtor-com","tag-toronto-real-estate-photography"],"_links":{"self":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/comments?post=1545"}],"version-history":[{"count":3,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1545\/revisions"}],"predecessor-version":[{"id":4252,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/1545\/revisions\/4252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/media\/1546"}],"wp:attachment":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/media?parent=1545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/categories?post=1545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/tags?post=1545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}