According to a recent housing report from realtor.com, the division between high-cost, large urban areas and more affordable markets appears to be widening. The report cites Seattle as third in price reductions, and Spokane as an area where home prices are on the rise.
A tale of two housing markets is unfolding nationwide, with homes in large cities seeing deep price cuts while those in smaller markets experience growth, according to realtor.com®’s November housing report. “The housing market is a ‘Tale of Two Cities’ as the divergence widens between high-cost, large urban areas and smaller, more affordable markets,” says realtor.com® Chief Economist Danielle Hale. “Buyers in large metros are seeing more homes on the market and listing prices decline, while those in smaller markets continued to see price increases.”
To read the full article, click here: Large, Small Markets See Diverging Pricing Trends