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Mortgage purchase applications hit a three-year high as improved spreads and lower rates drive 18 weeks of growth.
Kansas City housing market sees sellers cut prices on 45{abf3e7f4645154ad4bb57c8173e99b5e6b5aadc8ea1b6ec54b2a3298d523b80c} of listings as inventory reached 4,723 and supply hit 2.3 months.
Cincinnati’s median price hit $359,900 with 2.3 months of supply and 41.8{abf3e7f4645154ad4bb57c8173e99b5e6b5aadc8ea1b6ec54b2a3298d523b80c} of homes reducing prices to drive sales.
Nashville’s 3.4-month supply and 39.1{abf3e7f4645154ad4bb57c8173e99b5e6b5aadc8ea1b6ec54b2a3298d523b80c} price-cut rate signal a neutral market with rising inventory and steady prices.
Charlotte’s $475K median list price holds as 53.3{abf3e7f4645154ad4bb57c8173e99b5e6b5aadc8ea1b6ec54b2a3298d523b80c} of homes reduce prices and inventory remains tight for this North Carolina housing market.
Atlanta’s housing market enters December with 3.4 months supply and 39.9{abf3e7f4645154ad4bb57c8173e99b5e6b5aadc8ea1b6ec54b2a3298d523b80c} of sellers reducing prices. See how it compares to national trends.
Indiana’s housing market saw faster sales, increased inventory, and nearly half of listings with price reductions in November.
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About three-quarters said more affordable home prices would prompt buying within six months. Mortgage rates were the No. 2 factor.