‘There’s This Fear That Everything Will Crash’: Home Prices Are Falling, But There’s Still a Lack of Listings

The median home price in the U.S. dropped by 3.3% in March (after a 1.2% dip in February) — marking the largest fall in prices year-over-year since 2012, according to a new report from Redfin.

The biggest drop from a year before was Boise, ID at -15.4%, followed by Austin, TX (-13.7%), Sacramento, CA (-11.9%), San Jose, CA (-10.5%) and Oakland, CA (-9.7%).

“I was consistently busy in the fall, but things got really quiet in March after the collapse of Silicon Valley Bank,” said Boise Redfin real estate agent Shauna Pendleton in the report.

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