A new analysis from financial site MoneyLion found the most overpriced housing markets in the U.S., and some areas of the Gulf Coast are breaking the top 20.
The analysis looked at the monetary and percentage difference between home values and the median list price in each housing market. They say that while the average home has a difference of about 9% between its value and list price, some homes are being priced at 60% more than their value.
The Gulf Coast isn’t safe from the issue, with Naples coming in as the number 12 most overpriced housing market in the country. The analysis says the average home in Naples is valued at $678,762, while the median list price is around $884,889. This comes to a 30.4% difference between the value of the average home and its list price…