GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
To put this in context, the median price stood at $329,000 in the first quarter of 2020.
Yet, arecent Realtor.com reportfound that some expensive suburban real estate markets will become cheaper.
Some of these markets are seeing price cuts of up to 36%, as shown by Realtor.com data.
The increased price reductions are driven by more for-sale inventory that meets lower buyer demand.
Home prices climbed rapidly across Florida during the pandemic, she said.
Here are some of these markets, according to Realtor.com data.
Memphis, Tenn.
More From GOBankingRates
Share This Article:
The Latest inInvesting
