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Four Texas Metros See Housing Prices Dipping

Listed homes in Sugar Land are losing more value than homes anywhere else.

While housing prices continue to grow in most markets around the country, Texas is home to four major metro markets that are regressing. 

A new report by GOBankingRates identifies nine US markets in which median listing prices are below where they were a year earlier. Round Rock and Houston are on that list. Those two cities saw their median listings drop by about $5,000 each between April 2016 and April 2017.

McAllen and Sugar Land are also on the list, featuring markets that saw $15,000 and $16,000 drops in median listing prices over the same period.

Sugar Land topped the list of markets losing steam. The Houston-area metro has seen median prices drop more than $45,000 over the past two years.

Scott Morgan has been an award-winning journalist since 2001. His work has appeared in several newspapers and magazines as well as online. He has also been an editor, freelancer, speaker, writing teacher, author, and podcaster.