Seven Florida Cities Rank Among Top 10 ‘Coolest’ U.S. Housing Markets

Seven Florida cities grabbed spots in the top 10 coolest housing markets nationwide, Cotality reports. The real estate analytics firm examined year-over-year prices to determine which markets cooled most dramatically.

Cape Coral topped the rankings among state cities, showing price declines. Analysts scrutinized housing price trends nationwide to pinpoint areas where costs dropped.

Cotality tracks real estate data and market trends throughout the United States. Their analysts harness pricing information to gauge market temperature and buyer conditions in different regions.

These rankings arrive as several state areas witnessed drops in home values. Southwest Florida led the nation in home price decreases during late November, related market data confirms.

The study compared current prices to those from twelve months prior. Markets displaying the steepest declines earned the "coolest" designation — conditions that might favor buyers over sellers.

The concentration of state cities in the top 10 represents a shift in housing dynamics. The report didn't specify which other cities made the list.