Yes, that read weird to me, too, but it's because the 'lowering prices' are a snapshot, or recent trend (evidenced by the source being an index for April 2025 [1])
The 'sharpest rises' are from a long-term trend of a decade [2]:
> Over the past decade, the median home price has increased by 134 percent in Phoenix, 133 percent in Miami, 129 percent in Atlanta, and 99 percent in Dallas. (Over that same stretch, prices in New York, San Francisco, and Los Angeles have increased by about 75 percent, 76 percent, and 97 percent, respectively).
Here's my pictorial illustration of the curve because I like drawing silly plots in txt
Which place seems more expensive since 2000? Can you see the big drop in 2025?
I think the story of Atlanta and Dallas is a story of cheap housing being available for a long time until it started to get used up. In Atlanta, it's not just exurban development, a lot of in-city neighborhoods had some growing ability. But the mixture of people relocating to Atlanta and the constraints of a car-based city with difficult zoning have basically stopped new supply. Small single-family houses get replaced with larger single-family houses and the missing middle is harder to find.
The 'sharpest rises' are from a long-term trend of a decade [2]:
> Over the past decade, the median home price has increased by 134 percent in Phoenix, 133 percent in Miami, 129 percent in Atlanta, and 99 percent in Dallas. (Over that same stretch, prices in New York, San Francisco, and Los Angeles have increased by about 75 percent, 76 percent, and 97 percent, respectively).
Here's my pictorial illustration of the curve because I like drawing silly plots in txt
[1] https://www.realtor.com/news/trends/dallas-home-prices-case-...[2]https://www.theatlantic.com/economy/archive/2025/06/zoning-s...