With median list prices around $430,000 nationally and mortgage rates still near 7%, it’s tough define any area as a “buyer’s market.” But there are markets where homes are selling for the lowest price in relation to their initial asking price.
The top ten are below, followed by the median list price.
- Palatka, FL – $299,500
- Key West, FL – $1,300,000
- Breckenridge, CO – $1,125,000
- Sevierville, TN – $699,900
- Jackson, TN – $299,900
- Rome, GA – $292,575
- Sonora, CA – $450,000
- Greenville, TN – $349,900
- Roseburg, OR – $402,000
- Panama City, FL – $449,948