If you own homes in one of these cities, your pricing strategy may need to change.

Are home values in your city falling fast? If you're thinking about buying or selling a home in 2025, this is something you can’t ignore. New research from Zillow shows that ten real estate markets lost a combined $233 billion in value since 2024. These drops are occurring in cities that were once considered among the hottest markets. 

Let's break down what happened, what it means for you, and how to stay ahead of the curve.

The cities that lost the most in value. Over the past year, cities like San Francisco, Dallas, and Miami have seen major drops in home values. San Francisco lost about $52 billion, Dallas lost $37 billion, and Miami lost $25 billion. These were popular places during the pandemic, when prices skyrocketed, but they are cooling down quickly now. When you add it all up, the ten biggest losing markets saw a total value loss of $233 billion.

If you live in one of these areas and plan to sell your home, pricing it right is more important than ever. Homes listed too high are staying on the market longer and attracting fewer offers. Setting a fair price helps your home stand out and sell faster.

“...it’s still smart to know how much your home is really worth before making a move.”

Other cities are gaining value. While some markets are cooling, others are heating up. New York alone gained $260 billion in home value. Most of the growing markets are in the Midwest and Northeast, and Seattle was one of the few West Coast cities to make the list. The top 10 gaining markets together added $484 billion in value, more than double what was lost.

If you're in one of these areas, your equity may be stronger than ever. But even in these markets, it’s still smart to know how much your home is really worth before making a move.

How this affects buyers and sellers. If you’ve owned your home for a few years, your equity is likely still in good shape, even if your local market has cooled down. This could be a great time to refinance or upgrade to a new home. For buyers, a slowing market might mean more room to negotiate. And in hot areas, be prepared for more competition.

Every market is different. That's why it’s so important to know what’s happening in your neighborhood before making any decisions.

Get help with your next move. Not sure how your market is doing or what your home is worth today? Let’s find out together. Call (843) 481-2225 or email info@thepeircegroup.com to schedule a free market check-in. Whether you're thinking of buying or selling, or just curious, I’ll help you make a confident, informed decision based on the latest numbers.