Some housing markets cool off

While the median asking price for a U.S. home hit a record $300,000 in March, not all housing markets are seeing the same boost, according to data from Realtor.com

Asking prices are falling in many metro areas where housing values were once running away. For example, the median list price in San Jose, California, was $1,100,050 in March. That’s the highest asking price of 500 U.S. metro areas, but it’s 11.6% lower than last year.

Median list prices in Denver and Boulder, Colorado – once-hot markets – also showed similar drops. The worst decline was in Lynchburg, Virginia, where the median ask price plummeted 37% year-over-year to $145,000.

Overall, 114 of the 500 markets Realtor.com surveyed experienced a fall in the median listing price. Here are the top 10.