Homebuyers Gain Opportunities as Prices Ease in Major US Cities

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As someone who’s called Middle Tennessee home for decades—and guided clients through every kind of market since 2005—I’m always watching the broader real estate trends that shape our local experience. In August, home prices per square foot dropped year over year in 36 out of the 50 largest U.S. metros, with the most significant decreases in Austin, Tampa, and Memphis. Median list prices fell across the Northeast, South, and West, while the Midwest saw prices hold steady, all against the backdrop of higher mortgage rates.

These shifts remind me of how important it is to stay informed and prepared, whether you’re thinking about buying, selling, or just keeping an eye on your investment. Having served in leadership roles with the Women’s Council of Realtors and as a mentor for fellow agents, I know that understanding both national trends and our local Middle Tennessee market is key to making confident decisions. If you have questions about how these changes might affect your plans, I’m always here to share insight grounded in experience and a genuine love for our community.

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