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- The share of US homes seeing price declines has hit its highest level since 2022, Redfin said.
- Three of the four metro areas are in Texas, and the other is in Oregon.
- It could be a sign that national price growth will soon start softening.
More than 6% of US homes are seeing price declines, the biggest share since November 2022, according to a new Redfin report.
Four major US metros are spearheading this trend, three of which are based in Texas.
Home-sale prices declined the most in Austin, sliding by 2.9% on an annual basis. That's followed by San Antonio and Fort Worth, both with a 1.2% drop. Prices in Portland, Oregon slid 0.9%.