While the U.S. housing market has yet to recover as a whole from the Great Recession, with a little over a third of homes (34%) surpassing their pre-crash value, Miami’s housing market is far lower than the national average with just 10.8 percent of homes recovering.
It’s a sharp contrast from the 99 percent of homes in Denver and 98 percent of the homes in San Francisco that have met their pre-recession peaks, but also sizably higher than in places like Las Vegas (0.6%), Tucson (2.4%), and even nearby Fort Lauderdale (2.7%).
The study, presented by Trulia, analyzed home value recovery nationally and across the 100 largest metro areas in the U.S., comparing the nominal value of each home as of March 1 of this year to the nominal peak value of that home on Dec. 1, 2009.
So their data concludes that for every 100 homes in Miami, about 89 of them have failed to reach their 2009 peak value. Below you’ll find the 10 markets with the most home value recovery and the 10 markets with the least home value recovery.