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By: Aquib Nawab
Real Estate
First on our list is Atlanta, Georgia, where housing prices are 51.16% over expectations, with an average listing price of $357,677, far surpassing the expected home value of $236,627.
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Next, we visit Cape Coral, Florida, a city where homes are listed almost 50% higher than expected values. The average listing price here is $375,812, while the expected home value stands at $251,100.
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Charlotte, North Carolina, takes the third spot, showcasing homes priced 47.76% higher than expected. The average listing price in this city is $355,613, which is significantly higher than the anticipated value of $240,670.
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Moving to Memphis, Tennessee, we find a market where homes are valued at 46.18% over expectations. The average listing price in Memphis is $225,958, overshooting the expected value of $154,575.
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Lakeland, Florida, is another market with high overvaluation, at 45.16% above the norm. Homes here have an average listing price of $303,766, which is much higher than the expected value of $209,260.
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In Palm Bay, Florida, the housing market is 44.99% more expensive than expected. The average listing price is $345,520, while the expected home value is $238,308.
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Detroit, Michigan, features a housing market that's 43.97% overvalued. Here, the average listing price is $226,101, towering over the expected home value of $157,046.
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Deltona, Florida, shows a 43.74% overvaluation in its housing market. The average listing price is $334,978, significantly higher than the expected value of $233,050.
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In Tampa, Florida, we see the market valued at 42.9% above expectations. The average home listing price is $361,065, compared to the expected value of $252,643.
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Rounding out our list is Nashville, Tennessee, where the housing market is 41.81% above expected values. Homes here have an average listing price of $420,932, much higher than the expected $296,827.
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