Pretty much in the Orange market and below the depicted graph. Oh well…
Good for our industry. Keep dropping!
The prices have been crazy, correction overdue.
Interesting how so many of the drops are in TX and FL. I remember back in the mortgage meltdown +/- 15 years ago those markets were the most consistent. I remember talking with a lot of guys from TX and they were working more than anyone as prices were reasonable stable. I was in Portland, OR at the time and we got hammered along with the rest of the west coast.
The extremely high demand when people were fleeing covid plandemic tyranny sky rocketed the prices to insane levels.
Makes sense… we saw a moderate amount of that here in Hawaii. Hell, I guess I was part of it 
Wife took the kids to get the hell out of Oregon to her vacation rental when Covid hit and that was the beginning of us moving here permanently.
To the point of the thread, prices rocket up from 2020-2022ish and are now stable and even falling a bit. Low end (if there is such a thing here) is especially hard hit with the interest rates. There are numerous large condo properties near where I live with most being 2bd/1.5bath. Prices are falling to the low 500s. If/when they fall below $500K it will be a pretty big sign.
This. It is just a price correction. Prices didn’t just increase a lot, they more than doubled in a 2-3 year span. Way over inflated.
Sellers would ask double what they thought the home was worth & receive multiple offers at 100k over asking on a regular basis. Many purchases were sight unseen, too.