Homebuyers in the U.S. are benefiting from improved market conditions as median listing prices per square foot fell 1.8% nationwide, marking the tenth consecutive month of annual declines. Former boomtowns like Austin, Tampa, and Memphis lead price corrections due to increased inventory. San Francisco shows unique dynamics with declining prices but reduced listings. High mortgage rates and economic uncertainty slow buyer decisions, prompting sellers to lower prices. This creates opportunities for buyers in several metro areas.
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