“Achieving these results required additional incentives, resulting in a reduced average sales price of $383,000, and our gross margin drifted down to 17.5%, while our SG&A expenses came in at 8.2%, reflecting the soft market conditions.” Source: https://newsroom.lennar.com/2025-09-18-Lennar-Reports-Third-Quarter-2025-Results
“The average sales price for new homes dropped to $389,000, an 8.7% decline year-over-year, and a striking 19.5% lower than its peak in Q2 2022. This trend is particularly concerning for those homeowners looking to sell, as they face a market that has essentially reverted to levels not seen since 2020.” Source: https://absolutenews.com/housing-glut-lennars-prices-plunge-to-pre-pandemic-levels-what-home-sellers-must-know/
“Condo prices in Killeen, TX, a little over an hour north of Austin, have collapsed by 40% since the peak in mid-2022 and have given up the entire 52% spike from mid-2020 to mid-2022, plus some. The spike had been driven by FOMO-madness and the Fed’s Free Money policies. This is one of the fastest-growing cities around; its population has surged by 35% in the past 15 years to 160,000 in 2024.
But Killeen and other cities like this with condo markets in free-fall don’t qualify for our list here because they’re too small.
Several additional cities made it onto this list because the August price drop brought the total price drop from the peak to 12%, including Phoenix, AZ, and Orlando, FL.” https://wolfstreet.com/2025/09/19/condo-prices-dropped-by-12-27-in-these-25-bigger-cities-through-august-condo-bust-update/