These Housing Markets Are Cooling the Fastest

Florida dominated the “coolest” (fastest-cooling) housing markets ranking in the November 2025 analysis: 7 of the top 10 markets with the biggest year-over-year price drops were in Florida, led by Cape Coral (-7.1%). Other Florida metros on the top-10 list included Naples (-6.7%), Punta Gorda (-6.2%), Sebring (-5.2%), North Port (-5.1%), Brownsville (-4.8%), and Sebastian (-4.6%); the remaining non-Florida metros listed were Champaign, IL (-7.9%), Wichita Falls, TX (-4.8%), and Kahului, HI (-4.7%). The cooling is tied to a post-pandemic reset where inventory has risen to the highest level since 2019, and buyer demand has softened amid higher overall ownership costs (rates, taxes, insurance/escrow), following a period of heavy construction and rapid price run-ups. For more information click here.