5 Cities Where Home Prices Are Falling Now

3. Jackson, Mississippi

YoY Change in Median Home Price: -4.8%

During the period between 2021-2022, the housing market in Jackson observed a boom. However, in October 2023, there was a significant decline in home prices compared to the previous year. The slowdown in sales has resulted in increased house inventory levels and extended periods during which houses remain on the market.