Housing Market Slows as Prices Adjust | Tampa News

Housing prices are cooling nationwide as fall approaches, with 36 of the top 50 metro areas seeing year-over-year drops in price per square foot — a trend now in its 10th consecutive month. Austin, Tampa, and Memphis lead the correction, reversing pandemic-era surges, while high mortgage rates keep affordability tight. Sellers are adjusting, offering lower prices to compete with rising inventory. Meanwhile, Providence, Indianapolis, and Chicago buck the trend with strong gains — but for many hot markets, this is a necessary reset driven by stubbornly high borrowing costs. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/32f125d901565d90