Summary
Home prices have decreased significantly in some areas of the United States, with the biggest drop occurring in Pitkin County, Colorado. In this county, home prices fell by $525,000 over the last year. Other counties in Colorado, Utah, Massachusetts, and California also experienced notable price declines.
Key Facts
- The median sale price of a U.S. home was $429,189 in February 2026, a 0.9% increase from the previous year.
- Pitkin County, Colorado, saw the biggest price drop, with a decrease of $525,000, or 14.1%.
- Garfield County, Colorado, experienced a price decrease of $411,248, or 34.9%.
- San Miguel County, Colorado, had a price decline of $330,000, or 8.9%.
- Summit County, Utah, saw home prices fall by $309,250, or 15.2%.
- Dukes and Nantucket counties in Massachusetts experienced declines of $272,500 and $236,250, respectively.
- Santa Barbara and Napa counties in California saw price drops of $256,750 and $247,500, respectively.
- Factors influencing these declines include a return to pre-pandemic demand levels and changes in the mix of available homes on the market.
