1. Phoenix, Ariz.
Median price: $241,700
Price change: -7.8 percent
Housing construction was the number one industry in Phoenix during the real estate boom, resulting in a flood of new homes on the market. Since then, house prices have fallen and nearly half the city's home sellers have reduced their prices. But sales remain slow as buyers hold out for deeper cuts.
Median price: $241,700
Price change: -7.8 percent
Housing construction was the number one industry in Phoenix during the real estate boom, resulting in a flood of new homes on the market. Since then, house prices have fallen and nearly half the city's home sellers have reduced their prices. But sales remain slow as buyers hold out for deeper cuts.
Keywords: tough markets, sellers, buyers, market, Phoenix, Miami, Orlando, Los Angeles, Chicago, Baltimore, Denver, Washington, DC, San Diego, Tampa, California, housing, real estate
