Zillow recently released a report on how the housing markets in major American cities are doing year-over-year and data is shocking. While roughly 53% of homes in the U.S. have actually lost value in the past year – the most since 2012 – Denver tops the list in terms of how many properties are worth less today compared to a year ago.

According to Zillow, 90.6 percent of Denver homes have lost value year-over-year, with an average decline of 9.7 percent from peak pricing.

While that’s bad news for many of those who have recently purchased a home in the Mile High City, data does show that those who have held onto homes for the long-term are still making a profit during a sale. Zillow reports that a median of 8.4 years has passed since the last time a home was sold in Denver, with the median change in value since a home’s last sale in Denver at 58.9 percent.

On the other end of the spectrum, homes in Hartford, Connecticut have held onto their value at the highest rate year-over-year, with just 12.7 percent of home losing value in this city. Hartford’s average decline from peak value, however, is also less, at 5.7 percent.

Other cities where a large share of homes have lost value include Austin (89.5%), Sacramento (87.5%), Phoenix (86.9%), Dallas (86.7%), San Antonio (86.3%), Tampa (85.2%), and Orlando (85.2%). Meanwhile, several more places where fewer homes have lost value include Milwaukee (13.5%), Buffalo (15.9%), Providence (16.3%), Boston (20.7%), Cleveland (21.1%), New York (21.1%), and Chicago (22.9%).

Find the full report from Zillow here.

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