Yes, houses are selling – but mainly in the Northeast and Midwest where rising inventory and price moderation are driving sales. Overall the hottest market – based on unique views per property and the number of days the listing remains active – is Springfield, MA with a median listing price of $370,000.
Among the larger metro areas that have seen a rise in the aforementioned hotness quotient are New York City, Kansas City, Philadelphia, Pittsburgh, and Minneapolis-St. Paul.
As for the rest of the country, it is hoped that prices will ease and inventory continues to climb.