ZILLOW: These 17 American Cities Will See Home Prices Bottom By 2012

housing suburbs

Photo: David Shankbone, Wikimedia Commons

The debate over whether the U.S. housing market has bottomed rages on.However, evidence suggests that at least some major regional markets may be bottoming.

Zillow Real Estate Research just released their first quarter market research report, and they have analysis on the 25 largest metropolitan areas in the U.S.

According to their assessment, 14 of those markets have already bottomed. 3 will bottom sometime during the rest of this year.

We rank the 17 metropolitan areas in order of when their housing markets bottomed based on price change.

Pittsburgh: Q1 2009

Peak Month: March, 2012

Change from peak: 0.0%

Homes foreclosed (out of 10,000): 2.7


Source: Zillow Real Estate Research

Washington DC: Q3 2011

Peak Month: April, 2006

Change from peak: -29.5%

Homes foreclosed (out of 10,000): 3.9


Source: Zillow Real Estate Research

Phoenix: Q3 2011

Peak Month: March, 2006

Change from peak: -54.2%

Homes foreclosed (out of 10,000): 19.5


Source: Zillow Real Estate Research

Orlando: Q3 2011

Peak Month: May, 2006

Change from peak: -55.9%

Homes foreclosed (out of 10,000): --


Source: Zillow Real Estate Research

Dallas-Fort Worth: Q4 2011

Peak Month: October, 2007

Change from peak: -15.4%

Homes foreclosed (out of 10,000): 7.8


Source: Zillow Real Estate Research

Denver: Q4 2011

Peak Month: May, 2006

Change from peak: -10.7%

Homes foreclosed (out of 10,000): 8.7


Source: Zillow Real Estate Research

Miami-Fort Lauderdale: Q4 2011

Peak Month: May, 2006

Change from peak: -54.0%

Homes foreclosed (out of 10,000): --


Source: Zillow Real Estate Research

St. Louis: Q4 2011

Peak Month: March, 2007

Change from peak: -21.4%

Homes foreclosed (out of 10,000): --


Source: Zillow Real Estate Research

Tampa: Q4 2011

Peak Month: June, 2006

Change from peak: -52.1%

Homes foreclosed (out of 10,000): --


Source: Zillow Real Estate Research

Los Angeles: Q1 2012

Peak Month: May, 2006

Change from peak: -38.0%

Homes foreclosed (out of 10,000): 8.4


Source: Zillow Real Estate Research

Philadelphia: Q1 2012

Peak Month: June, 2007

Change from peak: -19.6%

Homes foreclosed (out of 10,000): 3,7


Source: Zillow Real Estate Research

Boston: Q1 2012

Peak Month: September, 2005

Change from peak: -20.0%

Homes foreclosed (out of 10,000): --


Source: Zillow Real Estate Research

Riverside: Q1 2012

Peak Month: March, 2006

Change from peak: -55.6%

Homes foreclosed (out of 10,000): 17.2


Source: Zillow Real Estate Research

San Diego: Q1 2012

Peak Month: October, 2005

Change from peak: -37.1%

Homes foreclosed (out of 10,000): 8.0%


Source: Zillow Real Estate Research

New York: Q2 2012

Peak Month: June, 2006

Change from peak: -26.1%

Homes foreclosed (out of 10,000): 0.4


Source: Zillow Real Estate Research

Baltimore: Q3 2012

Peak Month: June, 2006

Change from peak: -25.1%

Homes foreclosed (out of 10,000): 2.4


Source: Zillow Real Estate Research

Portland (OR): Q1 2013

Peak Month: June, 2007

Change from peak: -26.8%

Homes foreclosed (out of 10,000): 7.1


Source: Zillow Real Estate Research

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