A recent report showed that among the 100 largest US metros, 98 of them are seeing homes sell above their long-term price levels.

The August analysis from Florida Atlantic University and Florida International University researchers showed the vast majority of metros are now considered overvalued based on historical price trends, with only two of them selling at a discount.

Among the 10 markets where homes were selling at the highest above their historical average, seven were in Florida, the analysis showed.

Cape Coral, Florida led the way, with homes there selling at a 47.99% premium compared to historical norms. Atlanta, Georgia, Tampa, Florida, and Palm Bay, Florida followed with premiums of 45.74%, 42.81%, and 42.60%, respectively.

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