--- title: "Housing Markets Where Homebuying Has Seriously Slowed Over The Last Year" description: "The housing market has seen a significant slowdown in homebuying activity over the past year, particularly in major U.S. metro areas. The Lakeland, FL metro area experienced the largest decline in hom" type: "news" locale: "en" url: "https://longbridge.com/en/news/250826161.md" published_at: "2025-07-30T15:17:34.000Z" --- # Housing Markets Where Homebuying Has Seriously Slowed Over The Last Year > The housing market has seen a significant slowdown in homebuying activity over the past year, particularly in major U.S. metro areas. The Lakeland, FL metro area experienced the largest decline in home sales, dropping by 17.8%. Other notable areas include Miami (-16.1%) and Poughkeepsie, NY (-13.2%). The increase in mortgage rates, currently at 6.72%, has contributed to decreased affordability and longer days on market, with Lakeland's median days on market rising by 42.2%. Overall, many markets are facing declining sales and increasing inventory, indicating a potential further drop in prices. p ByAndrew DePietro Follow Author Share Save Comment Money Personal Finance Housing Markets Where Homebuying Has Seriously Slowed Over The Last Year ByAndrew DePietro , Contributor. Forbes contributors publish independent expert analyses and insights. I cover real estate, economics and cost of living. Follow Author Jul 30, 2025, 10:35am EDT Share Save Comment Lakeland, Florida, gardens at dusk. This housing market has witnessed a substantial decrease in home ... More sales, and an increase in inventory and the number of days a home for sale spends on the market before getting bought. getty Mortgage rates still much higher than they were four years. As of July, the effective 30-year mortgage rate is 6.72%. That’s down from a peak of 7.62% in October 2023. Four years ago, in July 2021, the effective rate was 2.87%. Thus, home affordability is still a problem for many of America’s housing markets. But a key development recently has been noticed, namely, a slowing down of homebuying activity. In many housing markets there’s been a consequent decline in prices. More importantly, if these trends continue, prices may come down further. Based on a list of the largest American metro areas by population, 100 housing markets were analyzed in terms of the change in the change in the number of home sales and the change in the median number of days on market year over year, from June 2024 to June 2025, as well as year-over-year rate for each year going back to 2020. The median days on market measures how many days a home spends on the market before going under contract, meaning the seller accepted an offer from a buyer. And home sales are the number of home sales in each market. All housing data was sourced from Redfin. Read on to find out which markets have experienced the biggest slowdown in their housing activity over the last year. Housing Markets Where Homebuying Has Slowed Significantly Looking at number of home sales change in percentage terms over the course of one year, the majority of markets that have experienced the largest one-year increase are primarily in the U.S. West and South regions. Leading the way is the Lakeland metro area in Florida, which saw its home sales decline by 17.8%: From 1,425 home sales in June 2024 to 1,172 in June 2025. Out of all the cities analyzed, Lakeland’s one-year decrease in home sales was the greatest. Below are the top 10 metro areas that have experienced the greatest decline in home sales over the course of the last year: Lakeland, FL metro area: -17.8%% Miami, FL metro area: -16.1% Poughkeepsie, NY metro area: -13.2% Las Vegas, NV metro area: -9.8% Fresno, CA metro area: -7.9% Bakersfield, CA metro area: -7.8% Detroit, MI metro area: -6.9% San Antonio, TX metro area: -6.5% Salt Lake City, UT metro area: -4.9% North Port, FL metro area: -4.8% The Lakeland housing market has another metric that points to a slowdown: days on market. Its median days on market jumped by 42.2%, from 45 days in June 2024 to 64 days in June 2025. Pending sales, too, are down, having declined by 16.3% over the last year. MORE FOR YOU Below is a table containing the top 15 markets where home sales have decreased the most year over year now. It also includes the year changes in days on market, inventory, and pending sales. Trends Among Markets With Decreasing Home Sales There are four Florida housing markets that made the top-15 list: Lakeland metro, Miami metro, North Port metro, and Deltona metro. Every single one experienced an increase in days on market over the last year. Lakeland’s pending sales fell by 16.3%, with Deltona coming next with a decline of 14.7%. There are also three California markets: Fresno metro, Bakersfield metro, and San Jose metro. The Fresno housing market also witnessed a 55.6% increase in the number of days on market. Inventory too grew, by a substantial 44.4%. Meanwhile, Bakersfield saw its days on market rise by 25%. Home sales fell by 7.8%, while pending sales declined by 12.7%. There is only one housing market in New York that made the list: the Poughkeepsie metro area. North of New York City, up the Hudson River, this metro area is sizeable with a population of more than 700,000. It had the third largest decline in home sales over the last year, at 13.-2%. Its pending sales decreased by 7.3%. The Poughkeepsie metro area saw its largest year-over-year growth in home sales between 2020 and 2021, when they increased by 55.3%. Since then, every year-over-year change was negative. Editorial Standards Reprints & Permissions LOADING VIDEO PLAYER... FORBES’ FEATURED Video ### Related Stocks - [M01.SG - Metro](https://longbridge.com/en/quote/M01.SG.md) - [AOMR.US - Angel Oak Mortgage REIT](https://longbridge.com/en/quote/AOMR.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 陶冬：人民幣資產機會來了 科技自主牛市顯現 警示美債風險「黃金買貴不會買錯」 | 陶冬表示，人民幣資產機會已來，科技自主牛市顯現，當前是「資產為王」的時代，關注遠離央行控制的資產和科技突破。預計美聯儲將維持寬鬆政策，但短期內可能觀察。美債市場面臨風險，傳統零風險資產邏輯已被顛覆，需警惕未來利率可能降至 3% 左右。 | [Link](https://longbridge.com/en/news/276028666.md) | | 美股七雄變「雙熊」Meta 危危乎 亞馬遜創 20 年最長跌浪 關注股神會否再沽蘋果 | 美股七雄近期表現疲弱，部分已陷入熊市，亞馬遜創下 20 年來最長跌浪。市場對大型科技公司的資本開支及盈利能力產生質疑，尤其是亞馬遜的高額投資可能導致負自由現金流。分析指出，亞馬遜需展現投資回報以消除投資者憂慮。微軟雲業務預計在三年內超過 A | [Link](https://longbridge.com/en/news/276001219.md) | | 通脹降溫、非農勁爆，美股能否止跌企穩？ | 美國 1 月 CPI 同比降至 2.4%，低於預期，核心 CPI 降至 2.5%，創 2021 年來最低，市場對美聯儲降息預期升溫。美股三大指數漲跌不一，納指小幅下跌但企穩於 24700 點上方。美債殖利率全線下跌，資金回流美債。投資者關注 | [Link](https://longbridge.com/en/news/275994601.md) | | 美國防部考慮終止與 Anthropic 合作 旗下 AI 模型模型曾用於生擒馬杜羅 | 美軍利用初創公司 Anthropic 的 AI 工具 Claude 協助捕獲前總統馬杜羅，引發爭議。美國國防部考慮終止與 Anthropic 的合作，因其拒絕放寬 AI 模型使用限制。五角大樓要求 AI 公司允許軍方將工具用於武器研發和戰場 | [Link](https://longbridge.com/en/news/276089881.md) | | 美團 (3690) 盈警，料去年度業績由盈轉虧 | 美團近日發出盈警，預計 2025 年度將錄得虧損 233 億至 243 億元人民幣，較 2024 年盈利 358 億元大幅惡化。虧損主要源於核心本地商業分部的經營虧損及對海外業務的加大投入。美團已加大對生態體系的投入以應對激烈競爭，包括強化 | [Link](https://longbridge.com/en/news/276027930.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.