Home prices have been dropping in several U.S. markets over the past year.
In some ZIP codes, values have fallen by as much as 25% in 12 months.
Carlsbad, California (ZIP code 92009) saw a major drop in home prices.
The median list price was $1,199,000 in Q1 2025, ↓ 25% yearly.
Areas that experienced rapid price increases are now facing market corrections.
Carlsbad Saw a 25% Drop in Home Prices in Q1 2025
