Report: 4 regional markets among top 10 nationally in real estate price drops

Five of the top 10 housing markets nationwide with the steepest drop in average sales price, according to a new report, are in Florida and four of them — Tampa, Sarasota Fort Myers and Winter Haven — are on the west coast of the state.

The report, from property data analytics firm Cotality, formerly CoreLogic, also says Florida and Arizona are home to the housing markets with the highest risk of price decline. 

Meanwhile, three of five markets the firm is tracking that have "the highest risk of price decline" are in the Sunshine State. No. 1 on that list is Winter Haven, in Polk County, where the median home price in January, the most recent data available, was $314,950. That's down slightly from a four-year peak in July 2022, but up 34% from January 2021 from $234,900.