US Housing Markets That Are Cooling Off (2026)

Most tracked cities saw home prices rise over the past year, but not all of them. These cities' FHFA county-level home price index actually fell year over year, sorted from the sharpest pullback to the mildest -- worth a look for buyers hoping for a little more room to negotiate.

Source: US Census Bureau, FEMA National Risk Index, and FHFA House Price Index (where applicable).

#	City	Value
1	Cape Coral, FL Salary needed →	-6.7% YoY	cooling
2	Lehigh Acres, FL Salary needed →	-6.7% YoY	cooling
3	Killeen, TX Salary needed →	-2.1% YoY	cooling
4	St. Petersburg, FL Salary needed →	-2.0% YoY	cooling
5	Clearwater, FL Salary needed →	-2.0% YoY	cooling
6	Oakland, CA Salary needed →	-1.9% YoY	cooling
7	Fremont, CA Salary needed →	-1.9% YoY	cooling
8	Hayward, CA Salary needed →	-1.9% YoY	cooling
9	Berkeley, CA Salary needed →	-1.9% YoY	cooling
10	Austin, TX Salary needed →	-1.7% YoY	cooling
11	Pueblo, CO Salary needed →	-1.6% YoY	cooling
12	New Orleans, LA Salary needed →	-1.4% YoY	cooling
13	Lakeland, FL Salary needed →	-1.2% YoY	cooling
14	Thornton, CO Salary needed →	-1.1% YoY	cooling
15	Round Rock, TX Salary needed →	-1.0% YoY	cooling
16	Stockton, CA Salary needed →	-0.9% YoY	cooling
17	Denton, TX Salary needed →	-0.9% YoY	cooling
18	Carrollton, TX Salary needed →	-0.9% YoY	cooling
19	Palm Bay, FL Salary needed →	-0.8% YoY	cooling
20	Plano, TX Salary needed →	-0.8% YoY	cooling
21	Frisco, TX Salary needed →	-0.8% YoY	cooling
22	McKinney, TX Salary needed →	-0.8% YoY	cooling
23	Allen, TX Salary needed →	-0.8% YoY	cooling
24	San Jose, CA Salary needed →	-0.6% YoY	cooling
25	Sunnyvale, CA Salary needed →	-0.6% YoY	cooling
26	Santa Clara, CA Salary needed →	-0.6% YoY	cooling
27	San Mateo, CA Salary needed →	-0.6% YoY	cooling
28	Daly City, CA Salary needed →	-0.6% YoY	cooling
29	Spring Hill, FL Salary needed →	-0.6% YoY	cooling
30	Hillsboro, OR Salary needed →	-0.5% YoY	cooling
31	Denver, CO Salary needed →	-0.4% YoY	cooling
32	Port St. Lucie, FL Salary needed →	-0.4% YoY	cooling
33	Vallejo, CA Salary needed →	-0.3% YoY	cooling
34	Fairfield, CA Salary needed →	-0.3% YoY	cooling
35	Vacaville, CA Salary needed →	-0.3% YoY	cooling
36	Dallas, TX Salary needed →	-0.1% YoY	cooling
37	Irving, TX Salary needed →	-0.1% YoY	cooling
38	Garland, TX Salary needed →	-0.1% YoY	cooling
39	Grand Prairie, TX Salary needed →	-0.1% YoY	cooling
40	Mesquite, TX Salary needed →	-0.1% YoY	cooling
41	Richardson, TX Salary needed →	-0.1% YoY	cooling
42	Aurora, CO Salary needed →	-0.1% YoY	cooling
43	Centennial, CO Salary needed →	-0.1% YoY	cooling
44	Memphis, TN Salary needed →	-0.1% YoY	cooling
45	Boulder, CO Salary needed →	-0.1% YoY	cooling
46	Lafayette, LA Salary needed →	-0.1% YoY	cooling
47	Concord, CA Salary needed →	-0.0% YoY	cooling
48	Richmond, CA Salary needed →	-0.0% YoY	cooling
49	Antioch, CA Salary needed →	-0.0% YoY	cooling

US Housing Markets That Are Cooling Off (2026)

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