Yes, there are buyer’s markets

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.

  1. Palatka, FL – $299,500
  2. Key West, FL – $1,300,000
  3. Breckenridge, CO – $1,125,000
  4. Sevierville, TN – $699,900
  5. Jackson, TN – $299,900
  6. Rome, GA – $292,575
  7. Sonora, CA – $450,000
  8. Greenville, TN – $349,900
  9. Roseburg, OR – $402,000
  10. Panama City, FL – $449,948

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