Top Cities Where Homebuyers Find Lower Prices Now

As the market shifts, we’re seeing home sellers across the country adjust their expectations—median listing prices per square foot dropped by 1.8% year-over-year in August. The sharpest declines are showing up in cities that saw rapid growth during the pandemic, as higher mortgage rates and growing inventory reshape the landscape. With nearly two decades as a real estate broker, I’ve navigated both hot markets and cooler cycles, helping clients adapt their strategies along the way. Whether you’re considering selling, investing, or just keeping an eye on trends, understanding these changes is key to making informed real estate decisions.