Miami, Tampa, Other Climate Risk Hotspots Rank High Among Cities With Collapsing Housing Markets
While home prices are increasing across the nation, several major housing markets have entered freefall. After several consecutive months of declines, the median home sale price in Miami the median home sale price again fell 1.4% from May to June, one of the largest increases of any city.
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A bulk of the cities where home prices are falling the fastest are in climate vulnerable regions where extreme weather and rising sea levels are breaking real estate markets. Insurance premiums are doubling or tripling in markets across Florida, pricing out buyers and flooding the market with unsold inventory. Many coastal zones were overdeveloped during population booms, leaving large home inventories that are dragging prices down to crisis levels. A closer look at the data reveals the cities where home prices are falling the fastest.
To determine the cities where home prices are falling the fastest, Climate Crisis 247 reviewed historical data on median home sale prices from Redfin. Cities were ranked based on the percentage change in median home sale price for all residential homes from May 2025 to June 2025. Only cities with inventories of at least 1,000 unsold homes were included. Supplemental data on population is from the U.S. Census Bureau.
25. Jacksonville, FL
- Median home sale price, June 2025: $300,990 (-1.3% from May 2025)
- Percentage of home listings with price drops: 37.8%
- Total population: 961,739
24. Miami, FL
- Median home sale price, June 2025: $616,000 (-1.4% from May 2025)
- Percentage of home listings with price drops: 18.9%
- Total population: 446,663
23. North Port, FL
- Median home sale price, June 2025: $340,000 (-1.4% from May 2025)
- Percentage of home listings with price drops: 32.8%
- Total population: 80,512
22. Honolulu, HI
- Median home sale price, June 2025: $580,000 (-1.6% from May 2025)
- Percentage of home listings with price drops: 17.8%
- Total population: 346,323
21. North Myrtle Beach, SC
- Median home sale price, June 2025: $422,500 (-1.7% from May 2025)
- Percentage of home listings with price drops: 25.9%
- Total population: 19,343
20. San Diego, CA
- Median home sale price, June 2025: $970,000 (-2.0% from May 2025)
- Percentage of home listings with price drops: 47.6%
- Total population: 1,385,061
19. Indianapolis, IN
- Median home sale price, June 2025: $250,000 (-2.2% from May 2025)
- Percentage of home listings with price drops: 48.0%
- Total population: 882,043
18. Pompano Beach, FL
- Median home sale price, June 2025: $362,000 (-2.2% from May 2025)
- Percentage of home listings with price drops: 22.4%
- Total population: 112,212
17. Nashville, TN
- Median home sale price, June 2025: $475,000 (-2.9% from May 2025)
- Percentage of home listings with price drops: 32.0%
- Total population: 684,298
16. San Francisco, CA
- Median home sale price, June 2025: $1,500,000 (-3.2% from May 2025)
- Percentage of home listings with price drops: 20.5%
- Total population: 836,321
15. Port St. Lucie, FL
- Median home sale price, June 2025: $395,000 (-3.3% from May 2025)
- Percentage of home listings with price drops: 28.7%
- Total population: 220,453
14. Hallandale Beach, FL
- Median home sale price, June 2025: $254,750 (-3.9% from May 2025)
- Percentage of home listings with price drops: 19.9%
- Total population: 41,224
13. Surprise, AZ
- Median home sale price, June 2025: $418,000 (-3.9% from May 2025)
- Percentage of home listings with price drops: 36.7%
- Total population: 149,519
12. St. Petersburg, FL
- Median home sale price, June 2025: $406,500 (-4.4% from May 2025)
- Percentage of home listings with price drops: 42.5%
- Total population: 260,646
11. Tampa, FL
- Median home sale price, June 2025: $435,000 (-5.4% from May 2025)
- Percentage of home listings with price drops: 42.2%
- Total population: 393,389
10. Cleveland, OH
- Median home sale price, June 2025: $132,425 (-5.4% from May 2025)
- Percentage of home listings with price drops: 28.2%
- Total population: 367,523
9. Aventura, FL
- Median home sale price, June 2025: $515,000 (-5.5% from May 2025)
- Percentage of home listings with price drops: 21.9%
- Total population: 39,372
8. Orlando, FL
- Median home sale price, June 2025: $400,000 (-6.2% from May 2025)
- Percentage of home listings with price drops: 35.7%
- Total population: 311,732
7. Atlanta, GA
- Median home sale price, June 2025: $397,000 (-7.4% from May 2025)
- Percentage of home listings with price drops: 33.2%
- Total population: 499,287
6. Clearwater, FL
- Median home sale price, June 2025: $381,500 (-8.1% from May 2025)
- Percentage of home listings with price drops: 33.8%
- Total population: 117,075
5. Fort Lauderdale, FL
- Median home sale price, June 2025: $557,500 (-8.6% from May 2025)
- Percentage of home listings with price drops: 22.5%
- Total population: 183,032
4. Manhattan, NY
- Median home sale price, June 2025: $1,250,000 (-8.8% from May 2025)
- Percentage of home listings with price drops: 27.5%
- Total population: 1,694,251
3. West Palm Beach, FL
- Median home sale price, June 2025: $425,000 (-9.9% from May 2025)
- Percentage of home listings with price drops: 20.9%
- Total population: 119,508
2. Sunny Isles Beach, FL
- Median home sale price, June 2025: $562,500 (-12.8% from May 2025)
- Percentage of home listings with price drops: 17.4%
- Total population: 22,125
1. Pembroke Pines, FL
- Median home sale price, June 2025: $465,000 (-19.1% from May 2025)
- Percentage of home listings with price drops: 25.5%
- Total population: 170,557
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