Considering sales alone, these cities were among those that saw the most dramatic declines, according to data technology company Zonda.
"There are many forces working against the housing market right now," Zonda Chief Economist Ali Wolf said in a report last week.
By late spring, the markets were feeling the pain.
In both Austin and Phoenix, home prices are rising at a pace 23% slower than they were last year, the report shows.
Since late Spring, home prices in Phoenix have dropped 6.7% and in Austin, prices have dropped by over 10% since the end of May.