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The Most Splendid Housing Bubbles in America: May '25, 33 metroswolfstreet.com/2025/06/16/the-most-splendid-housing-bubbles-in-america-may-2025-the-price-drops-gains-in-33-large-expensive-metros/
238 sats \ 5 comments \ @optimism 14h econ
In terms of the large expensive 33 Metropolitan Statistical Areas (MSAs) that we track here, 18 showed year-over-year price declines in May, up from 6 at the end of 2024, and those year-over-year price declines worsened from prior months. Even in San Diego, the year-over-year decline worsened to -1.9% in May, from -0.9% in April, as prices dipped month-to-month while inventory ballooned because demand has withered.
The full post contains details for each metro tracked.
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100 sats \ 4 replies \ @Undisciplined 12h
Are they about to go legit negative?
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42 sats \ 3 replies \ @optimism OP 11h
They are in 18 metros, but overall, it's just touching the 0 growth point at the moment.
I think that national averages are anyway less interesting for mere mortals that are participating in the housing market, because unless you're a massive investment firm, you're exposed locally. I like that he goes over the main metros in his analysis and show the "situation on the ground"... maybe it helps someone gain some insight into what's going on with their assets.
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100 sats \ 2 replies \ @Undisciplined 11h
I’m surprised it doesn’t show declining prices in DC. The news has reported sharp declines there.
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42 sats \ 1 reply \ @optimism OP 10h
Yeah... the stats from Zillow say +1.5% YoY, though this is DC metro, not DC proper; it may vary further between localities.
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100 sats \ 0 replies \ @Undisciplined 10h
After a quick search, it looks like there’s been a huge surge in listings, but prices may not have fallen much yet.
Eventually, sellers will have to settle for the available offers.
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