{"id":76173,"date":"2023-05-02T05:00:30","date_gmt":"2023-05-02T12:00:30","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=76173"},"modified":"2023-05-01T20:27:14","modified_gmt":"2023-05-02T03:27:14","slug":"homes-cost-less-than-year-ago-2023","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/homes-cost-less-than-year-ago-2023\/","title":{"rendered":"Roughly 1 in 4 Homes for Sale in Austin and Seattle Cost Less Than They Would Have a Year Ago"},"content":{"rendered":"

Some homebuyers in pandemic boomtowns and expensive coastal markets have lower monthly housing costs than they would have a year ago. That\u2019s because home prices have come down enough to offset rising mortgage rates in many of those places. Nationwide, just 7% of for-sale homes cost less than a year ago.<\/span><\/i><\/h2>\n

One-quarter of homes for sale in <\/span>Austin, TX<\/span><\/a> (25.8%) have lower estimated monthly housing payments than they would have if they had been for sale a year ago. That\u2019s a higher share than any other major U.S. metropolitan area Redfin analyzed and more than triple the nationwide share of 7.1%.\u00a0<\/span><\/p>\n

Seattle<\/span><\/a> is close behind, at 23.6%, followed by <\/span>San Francisco<\/span><\/a> (18.8%), <\/span>New York<\/span><\/a> (18.3%) and <\/span>Pittsburgh<\/span><\/a> (15.6%).<\/span><\/p>\n