Since the onset of the COVID-19 pandemic, the housing market has experienced price fluctuations. A significant number of individuals in the United States have relocated to different regions, no longer constrained by the need to be close to their workplaces. As a result, home prices across the country have undergone significant fluctuations, with some areas witnessing remarkable increases while others have seen steep declines. RealEstateAgents.com has recently released an infographic that focuses on the cities in the United States where real estate values have experienced the fastest growth or decline. The data specifically examines changes in median sale prices from 2021 to 2022 in various metro areas across the country. The analysis is based on information sourced from the National Association of Realtors, specifically regarding single-family homes. According to their research, Farmington, New Mexico emerged as the city with the highest increase in the median sale price of single-family homes from 2021 to 2022, with a substantial rise of 20.3% (from an average sale price of $217,100 to $261,200).
