10 U.S. real estate markets are cooling the fastest

The U.S. home market is beginning to cool off after experiencing halting growth throughout the pandemic, and it is happening most quickly along the West Coast.

According to Redfin's data, El Paso, Texas, followed by Bridgeport, Connecticut, had the slowest cooling of all the housing markets. Albany, New York, had the fastest cooling.

Here are the U.S. markets that, according to Redfin, have experienced the greatest cooling over the previous year, along with their median sale prices as of May 2022.

10 fastest-cooling U.S. housing markets

1. San Jose, California $1,560,000 2. Sacramento, California — $610,000 3. Oakland, California — $1,070,000 4. Seattle, Washington — $850,000 5. Stockton, California — $576,000 6. Boise, Idaho — $550,000

1. Denver, Colorado — $612,000 2. San Diego, California — $875,000 3. Tacoma, Washington — $575,000 4. San Francisco, California — $1,620,000

10 slowest-cooling U.S. housing markets

1. Albany, New York — $289,000 2. El Paso, Texas — $238,000 3. Bridgeport, Connecticut — $570,000 4. Lake County, Illinois — $324,400 5. Rochester, New York — $212,100

1. New Brunswick, New Jersey — $465,000 2. Cincinnati, Ohio — $265,000 3. Akron, Ohio — $200,000 4. New Haven, Connecticut — $310,000 5. Virginia Beach, Virginia — $325,000

which between February and May 2022 ranked U.S. urban regions based on median sales prices, year-over-year inventory changes, and other criteria.