Home prices have soared so much that 98 out of 100 biggest US cities are overvalued relative to historical levels

• Homes in 98 of the largest 100 US markets sold above their historical norms in August. 
• Affordability remains strained as the supply of homes for sale stays lows. 
• Just two of the largest metros are seeing homes priced at a discount. 

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.