Ogden, Utah, saw a significant decline in home prices, providing hope for prospective buyers 

Boise, Idaho, once a boomtown, is now experiencing a reverse trend in housing prices 

Austin, Texas, witnessed a drop of 2% or more in its housing market 

Myrtle Beach, South Carolina, also experienced a decline in home prices 

Rapid price growth in these areas in recent years led to a cooling off as mortgage rates increased 

Fewer transactions happening in these hotspots have prompted sellers to lower their prices 

This trend could benefit younger buyers, with 31% of homebuyers in Ogden from April to July being Gen Zers 

Realtor.com analyzed data from the 50 largest metro areas to compile this list 

The change in median list price per square foot was compared for August 2023 and August 2022 

While single-digit percentage drops may seem small, they represent significant savings in these inflated housing markets