Housing market 2023: 10 most expensive properties in the U.S. - 5 in Florida.
Although the housing market is finally cooling off, there are some areas of the U.S. where the market remains hot and buyers are still paying much more than a home is actually worth.
Florida Atlantic Coast University has identified the most overvalued real estate markets in the country
Florida Atlantic Coast University has identified the most overvalued real estate markets in the country by comparing the average expected home value based on historical trends to the average asking price for all 100 largest metro areas and finding the cities with the largest percentage differences between them.
This list of the 10 most overvalued housing markets in the U.S., ranked from least to most''between home value and list price: 43.97%
Average asking price: $345,520.
Expected home value: $238,308
Difference between home value and list price: 44.99%
Average offer price: $303,766
Expected home value: $209,260
Difference between home value and list price: 45.16%
26 October
Average bid price: $225,958
Expected home value: $154,575
Difference between home value and list price: 46.18%
Average bid price: $355,613
Expected''housing cost: $240,670
Difference between home value and list price: 47.76%
Average Offer Price: $375,812
Expected home value: $251,100
Difference between home value and list price: 49.67%
Average offer price: $357,677
Expected home value: $236,627
Difference between home value and list price: 51.16%
All data was taken from Florida Atlantic University's list of the 100 largest real estate markets in the U.S. and is accurate as of January 31, 2023.
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