Double-digit monthly price growth for the US housing market could soon slow as skyrocketing mortgage rates trigger an affordability crisis that has caused fewer and fewer buyers to bid on homes in some metropolitan areas. 

"What goes up must come down, right?" Realtor.com said in a new report, adding "price hikes have seemed unstoppable—until now." 

Realtor.com provided new data revealing the top ten metro areas that recorded the steepest price drops in March. Those cities include Toledo, Ohio; Rochester, New York; Detroit, Michigan; Pittsburg, Pennsylvania; and Springfield, Massachusetts.