5 places in the US where home sales have fallen in 2022

Due to the increase in mortgage rates, there are fewer people buying houses. This could cause homeowners to start cutting home prices at any time.

As mortgage rates have risen, fewer and fewer people are buying homes because they can’t afford the higher prices.

With fewer buyers, sellers are beginning to drop in price, so you want to know where sales are falling the most.

5 places in the US where home sales have fallen in 2022

Here are five places where home sales fell by at least 16% from last year, according to a report from the real estate company RE/MAX.

5. Washington, DC

Decrease in closed sales from May 2021 to May 2022: from 10,391 to 8,673 (a decrease of 16.5%).

This metropolitan area includes:
–Washington DC.
–Arlington, Virginia
–Alexandria, Virginia

4. Trenton, NJ

Decrease in closed sales from May 2021 to May 2022: from 410 to 332 (a decrease of 19%).

This metropolitan area includes:
–Trenton
–Princeton

3. San Diego

Decrease in closed sales from May 2021 to May 2022: from 3,591 to 2,858 (a decrease of 20.4%).

This metropolitan area includes:
-San Diego
–Chula Vista
–Carlsbad

2. Miami

Decrease in closed sales from May 2021 to May 2022: From 11,392 to 8,835 (a decrease of 22.4%).

This metropolitan area includes:
–Miami
-Fort Lauderdale
–Pompano Beach

1. Los Angeles

Decrease in closed sales from May 2021 to May 2022: from 9,991 to 7,553: (a decrease of 24.4%).

This metropolitan area includes:
-The Angels
–Long Beach
–Anaheim

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