Since the beginning of the COVID-19 pandemic, home prices have fluctuated, prompting many people in the United States to relocate to different parts of the country as remote work became more prevalent. Consequently, home prices in various regions of the United States have experienced significant increases or decreases, depending on the location. RealEstateAgents.com has published an infographic highlighting the cities in the United States with the fastest-growing and declining real estate values. The data focuses on metro areas and analyzes the change in median sale prices for single-family homes from 2021 to 2022, utilizing information from the National Association of Realtors.
According to their findings, Farmington, New Mexico showed the most substantial increase in median sale price for single-family homes during that period, with a rise of 20.3% (from an average sale price of $217,100 to $261,200). Farmington is the only area featured in the infographic to experience an increase of at least 20%. North Port-Sarasota-Bradenton, Florida came close with a 19.5% increase.
Infographic by: realestateagents