One recent Tampa listing fell so severely that this house listing was reduced by $110,000 in just a few months.

In New Jersey: Many other markets are seeing significant falloff from the surge in interest rates and the unaffordable prices of many homes. One such case was in Monmouth County with a property originally listed at $1.275 million, but there was little interest at that price. The sellers continued to lower the price what felt like every month until it closed in November for $995K. Such pricing collapses could have been foreseen and avoided with a more sober view of this present market. Sellers are seeing the impact of high interest rates and a slower economy can have on home sales.