{"id":74536,"date":"2022-06-21T05:30:46","date_gmt":"2022-06-21T12:30:46","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=74536"},"modified":"2022-06-17T16:53:03","modified_gmt":"2022-06-17T23:53:03","slug":"price-drops-increase-may-2022","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/price-drops-increase-may-2022\/","title":{"rendered":"More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots"},"content":{"rendered":"<h2>Sellers are adjusting their expectations as they realize many buyers are no longer able to afford the type of home they could have before mortgage rates shot up.<\/h2>\n<p>An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates <a href=\"https:\/\/www.redfin.com\/news\/declining-homebuyer-budgets-2022\/\">cut into buyers\u2019 budget<\/a>s and homebuying sentiment <a href=\"https:\/\/www.housingwire.com\/articles\/almost-80-believe-its-a-bad-time-to-buy-property\/\">drops<\/a>. Price drops are especially common in mid-sized metros in the West\u2013particularly in Utah\u2013many of which had outsized price growth during the pandemic because they were hotspots for people moving in from other parts of the country.\u00a0<\/p>\n<p>Nearly half (47.8%) of homes for sale in <a href=\"https:\/\/www.redfin.com\/city\/16042\/UT\/Provo\">Provo, UT<\/a>\u2013located about 45 miles away from <a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City<\/a>\u2013had a price drop in May, the highest share of the 108 metropolitan divisions in this analysis. <a href=\"https:\/\/www.redfin.com\/city\/17887\/WA\/Tacoma\">Tacoma, WA<\/a>, had about the same share of price cuts, at 47.7%. Next come <a href=\"https:\/\/www.redfin.com\/city\/5155\/CO\/Denver\">Denver<\/a> (46.9%), (<a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City<\/a> 45.8%) and <a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\">Sacramento<\/a> (44.3%). <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise, ID<\/a> (44.2%), <a href=\"https:\/\/www.redfin.com\/city\/14490\/UT\/Ogden\">Ogden, UT<\/a> (42.6%), <a href=\"https:\/\/www.redfin.com\/city\/30772\/OR\/Portland\">Portland, OR<\/a> (42%), <a href=\"https:\/\/www.redfin.com\/city\/9170\/IN\/Indianapolis\">Indianapolis, IN<\/a> (41.9%) and <a href=\"https:\/\/www.redfin.com\/city\/15502\/PA\/Philadelphia\">Philadelphia<\/a> (41.2%) round out the top 10.\u00a0<\/p>\n<p><a href=\"https:\/\/www.redfin.com\/city\/16042\/UT\/Provo\">Provo<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\">Sacramento<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/14490\/UT\/Ogden\">Ogden<\/a> were also the top five metros with the biggest increase in the share of listings with price drops from a year earlier. Roughly 12% of listings in <a href=\"https:\/\/www.redfin.com\/city\/16042\/UT\/Provo\">Provo<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a> had a price drop in May 2021, and it was around 20% in <a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\">Sacramento<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/14490\/UT\/Ogden\">Ogden<\/a>.\u00a0<\/p>\n<p>All in all, about half (53) of the metros in this analysis saw more than 25% of home sellers drop their asking price in May. More than 10% of home sellers dropped their price in all 108 metros, driving the national share of price drops to a <a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-price-drops-hit-new-record\/\">record high<\/a>.\u00a0<\/p>\n<p>The uptick in price drops is symbolic of the slowdown in the housing market. Many buyers are backing off amid skyrocketing home prices, <a href=\"https:\/\/www.freddiemac.com\/pmms\">surging<\/a> mortgage rates, <a href=\"https:\/\/www.cnn.com\/2022\/06\/10\/economy\/may-inflation-gas-prices\/index.html\">high inflation<\/a> and a <a href=\"https:\/\/www.nytimes.com\/live\/2022\/06\/14\/business\/bear-market-stocks-inflation-news#stocks-bonds-bear-market\">faltering<\/a> stock market.\u00a0<\/p>\n<p>\u201cThere are two kinds of sellers in today\u2019s market: Those who already know the market has cooled, and those who are learning about the cooling market as they go through the selling process,\u201d said Redfin Chief Economist <a href=\"https:\/\/www.redfin.com\/news\/author\/darylfairweather\/\">Daryl Fairweather<\/a>. \u201cThe former wants to sell quickly before the market slows further and they\u2019re willing to price <a href=\"https:\/\/www.redfin.com\/news\/home-selling-tips-shifting-market\/\">slightly below<\/a> comparable homes in their neighborhood right away, and the latter may have to drop their price if their home doesn\u2019t attract buyers within a few weeks. As more sellers come to terms with the slowing market, fewer homes will have price drops.\u201d\u00a0<\/p>\n<h3>Sellers are adjusting expectations in Salt Lake City, Boise<\/h3>\n<p>Four of the 10 metros with the highest share of price drops\u2013<a href=\"https:\/\/www.redfin.com\/city\/16042\/UT\/Provo\">Provo<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/14490\/UT\/Ogden\">Ogden<\/a>\u2013are among the 10 places where prices increased most during the pandemic. Prices shot up 65.7% to $550,000 from May 2020 to May 2022 in <a href=\"https:\/\/www.redfin.com\/city\/16042\/UT\/Provo\">Provo<\/a>,\u00a0 They rose 56.2% to $556,000 in <a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City<\/a>, 66.7% in <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a> to $550,000 and 57.2% to $500,000 in <a href=\"https:\/\/www.redfin.com\/city\/14490\/UT\/Ogden\">Ogden<\/a>.\u00a0<\/p>\n<p>The soaring prices were largely due to out-of-town homebuyers moving in during the pandemic, competing with locals for a limited supply of homes. Migration into both <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a> and the <a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City<\/a> metro area\u2013which includes <a href=\"https:\/\/www.redfin.com\/city\/16042\/UT\/Provo\">Provo<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/14490\/UT\/Ogden\">Ogden<\/a>\u2013nearly tripled throughout 2020. The trend has started to reverse in both places, with <a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City<\/a> seeing a net outflow (more Redfin.com users looking to leave than move in) for the first time on record in the first quarter.\u00a0<\/p>\n<p>\u201cMany buyers are backing out of the market\u2013and even backing out of deals\u2013and some sellers are responding by dropping their price,\u201d said <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a> Redfin agent <a href=\"https:\/\/www.redfin.com\/real-estate-agents\/shauna-pendleton\">Shauna Pendleton<\/a>. \u201cSome buyers are no longer able to afford the home they want because mortgage rates have increased so much. There aren\u2019t nearly as many people moving into the <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a> area now that prices have gone through the roof. Ironically, a lot of\u00a0 <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a> newcomers are now leaving because the quiet, slow-paced lifestyle that drew them here doesn\u2019t exist the way it did before so many people moved in. Those people are cashing in on their equity to move to more affordable areas, mainly in the Midwest, where they can get more for their money\u2013in some cases, they can even pay all cash.\u201d\u00a0<\/p>\n<p>The share of homes with a price drop increased from a year earlier in 102 of the 108 metros in this analysis. It declined in six metros, three of them in Illinois: <a href=\"https:\/\/www.redfin.com\/city\/11570\/TX\/McAllen\">McAllen, TX<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/29477\/IL\/Elgin\">Elgin, IL<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/29470\/IL\/Chicago\">Chicago<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/6904\/CA\/Fresno\">Fresno, CA<\/a>, <a href=\"https:\/\/www.redfin.com\/county\/760\/IL\/Lake-County\">Lake County, IL<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/17155\/MA\/Springfield\">Springfield, MA<\/a>.<\/p>\n<h3>Share of Homes for Sale With a Price Drop in May 2022<\/h3>\n<p><i>108 metropolitan divisions that are part of the 100 most populous U.S. metropolitan areas, sorted by share of for-sale listings with a price drop in May 2022<\/i><br \/>\n\n<table id=\"tablepress-332\" class=\"tablepress tablepress-id-332\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><b>Metropolitan Division<\/b><\/th><th class=\"column-2\"><b>Share of Homes for Sale with a Price Drop in May 2022<\/b><\/th><th class=\"column-3\"><b>Share of Homes for Sale with a Price Drop in May 2021<\/b><\/th><th class=\"column-4\"><b>Median Sale Price, May 2022<\/b><\/th><th class=\"column-5\"><b>Change in Median Sale Price, May 2020 to May 2022<\/b><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16042\/UT\/Provo\">Provo, UT<\/a><\/td><td class=\"column-2\">47.8%<\/td><td class=\"column-3\">12.2%<\/td><td class=\"column-4\">$550,000<\/td><td class=\"column-5\">65.7%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17887\/WA\/Tacoma\">Tacoma, WA<\/a><\/td><td class=\"column-2\">47.7%<\/td><td class=\"column-3\">28.2%<\/td><td class=\"column-4\">$575,000<\/td><td class=\"column-5\">46.8%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/5155\/CO\/Denver\">Denver, CO<\/a><\/td><td class=\"column-2\">46.9%<\/td><td class=\"column-3\">24.0%<\/td><td class=\"column-4\">$614,000<\/td><td class=\"column-5\">41.1%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\">Salt Lake City, UT<\/a><\/td><td class=\"column-2\">45.8%<\/td><td class=\"column-3\">18.7%<\/td><td class=\"column-4\">$556,000<\/td><td class=\"column-5\">56.2%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\">Sacramento, CA<\/a><\/td><td class=\"column-2\">44.3%<\/td><td class=\"column-3\">20.7%<\/td><td class=\"column-4\">$610,000<\/td><td class=\"column-5\">43.5%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise, ID<\/a><\/td><td class=\"column-2\">44.2%<\/td><td class=\"column-3\">11.9%<\/td><td class=\"column-4\">$549,990<\/td><td class=\"column-5\">66.7%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14490\/UT\/Ogden\">Ogden, UT<\/a><\/td><td class=\"column-2\">42.6%<\/td><td class=\"column-3\">19.3%<\/td><td class=\"column-4\">$500,000<\/td><td class=\"column-5\">57.2%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30772\/OR\/Portland\">Portland, OR<\/a><\/td><td class=\"column-2\">42.0%<\/td><td class=\"column-3\">24.6%<\/td><td class=\"column-4\">$570,500<\/td><td class=\"column-5\">36.2%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/9170\/IN\/Indianapolis\">Indianapolis, IN<\/a><\/td><td class=\"column-2\">41.9%<\/td><td class=\"column-3\">26.4%<\/td><td class=\"column-4\">$285,000<\/td><td class=\"column-5\">32.6%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15502\/PA\/Philadelphia\">Philadelphia, PA<\/a><\/td><td class=\"column-2\">41.2%<\/td><td class=\"column-3\">26.6%<\/td><td class=\"column-4\">$290,000<\/td><td class=\"column-5\">24.7%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16163\/WA\/Seattle\">Seattle, WA<\/a><\/td><td class=\"column-2\">40.6%<\/td><td class=\"column-3\">24.2%<\/td><td class=\"column-4\">$850,000<\/td><td class=\"column-5\">46.6%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/8380\/PA\/Harrisburg\">Harrisburg, PA<\/a><\/td><td class=\"column-2\">40.6%<\/td><td class=\"column-3\">22.3%<\/td><td class=\"column-4\">$260,050<\/td><td class=\"column-5\">27.4%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/18142\/FL\/Tampa\">Tampa, FL<\/a><\/td><td class=\"column-2\">39.6%<\/td><td class=\"column-3\">22.5%<\/td><td class=\"column-4\">$384,000<\/td><td class=\"column-5\">53.6%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12742\/FL\/North-Port\">North Port, FL<\/a><\/td><td class=\"column-2\">39.5%<\/td><td class=\"column-3\">23.9%<\/td><td class=\"column-4\">$475,000<\/td><td class=\"column-5\">66.7%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16904\/CA\/San-Diego\">San Diego, CA<\/a><\/td><td class=\"column-2\">37.6%<\/td><td class=\"column-3\">16.9%<\/td><td class=\"column-4\">$875,000<\/td><td class=\"column-5\">46.3%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/1073\/MD\/Baltimore\">Baltimore, MD<\/a><\/td><td class=\"column-2\">37.5%<\/td><td class=\"column-3\">24.2%<\/td><td class=\"column-4\">$371,000<\/td><td class=\"column-5\">23.7%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2654\/FL\/Cape-Coral\">Cape Coral, FL<\/a><\/td><td class=\"column-2\">37.2%<\/td><td class=\"column-3\">17.7%<\/td><td class=\"column-4\">$420,000<\/td><td class=\"column-5\">72.0%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17154\/WA\/Spokane\">Spokane, WA<\/a><\/td><td class=\"column-2\">37.0%<\/td><td class=\"column-3\">19.6%<\/td><td class=\"column-4\">$453,946<\/td><td class=\"column-5\">51.8%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/19009\/CA\/Stockton\">Stockton, CA<\/a><\/td><td class=\"column-2\">36.6%<\/td><td class=\"column-3\">15.3%<\/td><td class=\"column-4\">$580,000<\/td><td class=\"column-5\">42.5%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14233\/LA\/New-Orleans\">New Orleans, LA<\/a><\/td><td class=\"column-2\">36.4%<\/td><td class=\"column-3\">22.9%<\/td><td class=\"column-4\">$305,000<\/td><td class=\"column-5\">29.7%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/7735\/MD\/Frederick\">Frederick, MD<\/a><\/td><td class=\"column-2\">34.0%<\/td><td class=\"column-3\">18.8%<\/td><td class=\"column-4\">$562,000<\/td><td class=\"column-5\">28.0%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/8694\/MI\/Grand-Rapids\">Grand Rapids, MI<\/a><\/td><td class=\"column-2\">34.0%<\/td><td class=\"column-3\">19.8%<\/td><td class=\"column-4\">$312,250<\/td><td class=\"column-5\">39.4%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/9711\/FL\/Lakeland\">Lakeland, FL<\/a><\/td><td class=\"column-2\">33.7%<\/td><td class=\"column-3\">16.4%<\/td><td class=\"column-4\">$334,950<\/td><td class=\"column-5\">57.3%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/8903\/TX\/Houston\">Houston, TX<\/a><\/td><td class=\"column-2\">33.4%<\/td><td class=\"column-3\">20.0%<\/td><td class=\"column-4\">$350,000<\/td><td class=\"column-5\">40.4%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14240\/AZ\/Phoenix\">Phoenix, AZ<\/a><\/td><td class=\"column-2\">32.9%<\/td><td class=\"column-3\">13.4%<\/td><td class=\"column-4\">$486,000<\/td><td class=\"column-5\">62.1%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12839\/DC\/Washington-DC\">Washington, D.C.<\/a><\/td><td class=\"column-2\">32.7%<\/td><td class=\"column-3\">19.6%<\/td><td class=\"column-4\">$554,225<\/td><td class=\"column-5\">26.0%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/953\/CA\/Bakersfield\">Bakersfield, CA<\/a><\/td><td class=\"column-2\">31.2%<\/td><td class=\"column-3\">28.6%<\/td><td class=\"column-4\">$365,000<\/td><td class=\"column-5\">41.5%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/35765\/OK\/Tulsa\">Tulsa, OK<\/a><\/td><td class=\"column-2\">30.9%<\/td><td class=\"column-3\">24.4%<\/td><td class=\"column-4\">$250,000<\/td><td class=\"column-5\">30.7%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/6904\/CA\/Fresno\">Fresno, CA<\/a><\/td><td class=\"column-2\">30.6%<\/td><td class=\"column-3\">37.1%<\/td><td class=\"column-4\">$411,000<\/td><td class=\"column-5\">43.1%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13655\/FL\/Orlando\">Orlando, FL<\/a><\/td><td class=\"column-2\">29.8%<\/td><td class=\"column-3\">20.3%<\/td><td class=\"column-4\">$397,000<\/td><td class=\"column-5\">43.8%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16657\/TX\/San-Antonio\">San Antonio, TX<\/a><\/td><td class=\"column-2\">29.5%<\/td><td class=\"column-3\">13.5%<\/td><td class=\"column-4\">$351,000<\/td><td class=\"column-5\">45.0%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15935\/CA\/Riverside\">Riverside, CA<\/a><\/td><td class=\"column-2\">29.3%<\/td><td class=\"column-3\">10.0%<\/td><td class=\"column-4\">$577,000<\/td><td class=\"column-5\">49.9%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17149\/VA\/Richmond\">Richmond, VA<\/a><\/td><td class=\"column-2\">29.1%<\/td><td class=\"column-3\">17.4%<\/td><td class=\"column-4\">$365,000<\/td><td class=\"column-5\">32.7%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/county\/2406\/PA\/Montgomery-County\">Montgomery County, PA<\/a><\/td><td class=\"column-2\">29.0%<\/td><td class=\"column-3\">18.1%<\/td><td class=\"column-4\">$426,000<\/td><td class=\"column-5\">22.5%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/517\/CA\/Anaheim\">Anaheim, CA<\/a><\/td><td class=\"column-2\">28.7%<\/td><td class=\"column-3\">10.2%<\/td><td class=\"column-4\">$1,059,000<\/td><td class=\"column-5\">46.1%<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13654\/CA\/Oakland\">Oakland, CA<\/a><\/td><td class=\"column-2\">28.6%<\/td><td class=\"column-3\">15.0%<\/td><td class=\"column-4\">$1,077,500<\/td><td class=\"column-5\">42.7%<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17151\/CA\/San-Francisco\">San Francisco, CA<\/a><\/td><td class=\"column-2\">28.5%<\/td><td class=\"column-3\">16.9%<\/td><td class=\"column-4\">$1,625,000<\/td><td class=\"column-5\">8.3%<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/9417\/NE\/Omaha\">Omaha, NE<\/a><\/td><td class=\"column-2\">28.3%<\/td><td class=\"column-3\">17.2%<\/td><td class=\"column-4\">$291,750<\/td><td class=\"column-5\">28.0%<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/10943\/MN\/Minneapolis\">Minneapolis, MN<\/a><\/td><td class=\"column-2\">28.2%<\/td><td class=\"column-3\">18.7%<\/td><td class=\"column-4\">$375,000<\/td><td class=\"column-5\">27.1%<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/1336\/LA\/Baton-Rouge\">Baton Rouge, LA<\/a><\/td><td class=\"column-2\">28.0%<\/td><td class=\"column-3\">15.6%<\/td><td class=\"column-4\">$254,900<\/td><td class=\"column-5\">21.4%<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30756\/GA\/Atlanta\">Atlanta, GA<\/a><\/td><td class=\"column-2\">27.6%<\/td><td class=\"column-3\">16.7%<\/td><td class=\"column-4\">$400,000<\/td><td class=\"column-5\">53.8%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/5415\/IA\/Des-Moines\">Des Moines, IA<\/a><\/td><td class=\"column-2\">26.9%<\/td><td class=\"column-3\">18.0%<\/td><td class=\"column-4\">$275,000<\/td><td class=\"column-5\">23.6%<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/20734\/MI\/Warren\">Warren, MI<\/a><\/td><td class=\"column-2\">26.3%<\/td><td class=\"column-3\">19.5%<\/td><td class=\"column-4\">$291,331<\/td><td class=\"column-5\">31.8%<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/8907\/FL\/Jacksonville\">Jacksonville, FL<\/a><\/td><td class=\"column-2\">26.2%<\/td><td class=\"column-3\">13.5%<\/td><td class=\"column-4\">$368,769<\/td><td class=\"column-5\">47.2%<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/10201\/NV\/Las-Vegas\">Las Vegas, NV<\/a><\/td><td class=\"column-2\">26.0%<\/td><td class=\"column-3\">13.1%<\/td><td class=\"column-4\">$450,000<\/td><td class=\"column-5\">50.0%<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14237\/OK\/Oklahoma-City\">Oklahoma City, OK<\/a><\/td><td class=\"column-2\">25.9%<\/td><td class=\"column-3\">23.9%<\/td><td class=\"column-4\">$260,000<\/td><td class=\"column-5\">32.5%<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\">San Jose, CA<\/a><\/td><td class=\"column-2\">25.8%<\/td><td class=\"column-3\">16.2%<\/td><td class=\"column-4\">$1,560,000<\/td><td class=\"column-5\">30.0%<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30818\/TX\/Austin\">Austin, TX<\/a><\/td><td class=\"column-2\">25.7%<\/td><td class=\"column-3\">10.3%<\/td><td class=\"column-4\">$556,000<\/td><td class=\"column-5\">68.5%<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4147\/CO\/Colorado-Springs\">Colorado Springs, CO<\/a><\/td><td class=\"column-2\">25.6%<\/td><td class=\"column-3\">14.4%<\/td><td class=\"column-4\">$480,000<\/td><td class=\"column-5\">41.2%<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2832\/NY\/Buffalo\">Buffalo, NY<\/a><\/td><td class=\"column-2\">25.4%<\/td><td class=\"column-3\">20.4%<\/td><td class=\"column-4\">$230,000<\/td><td class=\"column-5\">38.1%<\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30794\/TX\/Dallas\">Dallas, TX<\/a><\/td><td class=\"column-2\">25.3%<\/td><td class=\"column-3\">13.2%<\/td><td class=\"column-4\">$467,000<\/td><td class=\"column-5\">55.7%<\/td>\n<\/tr>\n<tr class=\"row-53\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30827\/TX\/Fort-Worth\">Fort Worth, TX<\/a><\/td><td class=\"column-2\">25.2%<\/td><td class=\"column-3\">12.2%<\/td><td class=\"column-4\">$385,000<\/td><td class=\"column-5\">54.0%<\/td>\n<\/tr>\n<tr class=\"row-54\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2570\/NJ\/Camden\">Camden, NJ<\/a><\/td><td class=\"column-2\">25.0%<\/td><td class=\"column-3\">15.3%<\/td><td class=\"column-4\">$305,000<\/td><td class=\"column-5\">45.2%<\/td>\n<\/tr>\n<tr class=\"row-55\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4145\/OH\/Cleveland\">Cleveland, OH<\/a><\/td><td class=\"column-2\">24.7%<\/td><td class=\"column-3\">14.7%<\/td><td class=\"column-4\">$210,000<\/td><td class=\"column-5\">27.3%<\/td>\n<\/tr>\n<tr class=\"row-56\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/20418\/VA\/Virginia-Beach\">Virginia Beach, VA<\/a><\/td><td class=\"column-2\">24.5%<\/td><td class=\"column-3\">11.6%<\/td><td class=\"column-4\">$325,000<\/td><td class=\"column-5\">22.6%<\/td>\n<\/tr>\n<tr class=\"row-57\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16162\/NY\/Rochester\">Rochester, NY<\/a><\/td><td class=\"column-2\">24.0%<\/td><td class=\"column-3\">19.5%<\/td><td class=\"column-4\">$210,000<\/td><td class=\"column-5\">31.3%<\/td>\n<\/tr>\n<tr class=\"row-58\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/514\/PA\/Allentown\">Allentown, PA<\/a><\/td><td class=\"column-2\">23.8%<\/td><td class=\"column-3\">16.0%<\/td><td class=\"column-4\">$300,000<\/td><td class=\"column-5\">33.3%<\/td>\n<\/tr>\n<tr class=\"row-59\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14141\/CA\/Oxnard\">Oxnard, CA<\/a><\/td><td class=\"column-2\">23.7%<\/td><td class=\"column-3\">9.3%<\/td><td class=\"column-4\">$840,000<\/td><td class=\"column-5\">36.6%<\/td>\n<\/tr>\n<tr class=\"row-60\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16661\/MO\/St-Louis\">St. Louis, MO<\/a><\/td><td class=\"column-2\">23.3%<\/td><td class=\"column-3\">17.5%<\/td><td class=\"column-4\">$249,000<\/td><td class=\"column-5\">25.1%<\/td>\n<\/tr>\n<tr class=\"row-61\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/35751\/MO\/Kansas-City\">Kansas City, MO<\/a><\/td><td class=\"column-2\">23.2%<\/td><td class=\"column-3\">14.0%<\/td><td class=\"column-4\">$319,500<\/td><td class=\"column-5\">33.2%<\/td>\n<\/tr>\n<tr class=\"row-62\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/3105\/NC\/Charlotte\">Charlotte, NC<\/a><\/td><td class=\"column-2\">23.1%<\/td><td class=\"column-3\">10.7%<\/td><td class=\"column-4\">$401,780<\/td><td class=\"column-5\">47.5%<\/td>\n<\/tr>\n<tr class=\"row-63\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/20420\/MA\/Worcester\">Worcester, MA<\/a><\/td><td class=\"column-2\">23.1%<\/td><td class=\"column-3\">14.6%<\/td><td class=\"column-4\">$405,000<\/td><td class=\"column-5\">30.6%<\/td>\n<\/tr>\n<tr class=\"row-64\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12262\/KY\/Louisville\">Louisville, KY<\/a><\/td><td class=\"column-2\">22.8%<\/td><td class=\"column-3\">14.5%<\/td><td class=\"column-4\">$255,000<\/td><td class=\"column-5\">23.0%<\/td>\n<\/tr>\n<tr class=\"row-65\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/5665\/MI\/Detroit\">Detroit, MI<\/a><\/td><td class=\"column-2\">22.8%<\/td><td class=\"column-3\">15.1%<\/td><td class=\"column-4\">$188,000<\/td><td class=\"column-5\">39.3%<\/td>\n<\/tr>\n<tr class=\"row-66\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/11203\/CA\/Los-Angeles\">Los Angeles, CA<\/a><\/td><td class=\"column-2\">22.8%<\/td><td class=\"column-3\">10.7%<\/td><td class=\"column-4\">$900,000<\/td><td class=\"column-5\">42.9%<\/td>\n<\/tr>\n<tr class=\"row-67\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/5413\/OH\/Dayton\">Dayton, OH<\/a><\/td><td class=\"column-2\">22.7%<\/td><td class=\"column-3\">15.2%<\/td><td class=\"column-4\">$205,200<\/td><td class=\"column-5\">30.7%<\/td>\n<\/tr>\n<tr class=\"row-68\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/1826\/MA\/Boston\">Boston, MA<\/a><\/td><td class=\"column-2\">22.6%<\/td><td class=\"column-3\">17.8%<\/td><td class=\"column-4\">$690,000<\/td><td class=\"column-5\">30.2%<\/td>\n<\/tr>\n<tr class=\"row-69\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30749\/NY\/New-York\">New York, NY<\/a><\/td><td class=\"column-2\">22.4%<\/td><td class=\"column-3\">21.0%<\/td><td class=\"column-4\">$729,000<\/td><td class=\"column-5\">27.9%<\/td>\n<\/tr>\n<tr class=\"row-70\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/245\/NY\/Albany\">Albany, NY<\/a><\/td><td class=\"column-2\">22.4%<\/td><td class=\"column-3\">16.0%<\/td><td class=\"column-4\">$290,000<\/td><td class=\"column-5\">23.4%<\/td>\n<\/tr>\n<tr class=\"row-71\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/244\/OH\/Akron\">Akron, OH<\/a><\/td><td class=\"column-2\">22.0%<\/td><td class=\"column-3\">14.5%<\/td><td class=\"column-4\">$200,000<\/td><td class=\"column-5\">25.1%<\/td>\n<\/tr>\n<tr class=\"row-72\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4476\/FL\/Deltona\">Deltona, FL<\/a><\/td><td class=\"column-2\">21.3%<\/td><td class=\"column-3\">13.7%<\/td><td class=\"column-4\">$342,990<\/td><td class=\"column-5\">51.8%<\/td>\n<\/tr>\n<tr class=\"row-73\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13415\/TN\/Nashville\">Nashville, TN<\/a><\/td><td class=\"column-2\">21.2%<\/td><td class=\"column-3\">13.8%<\/td><td class=\"column-4\">$465,000<\/td><td class=\"column-5\">47.6%<\/td>\n<\/tr>\n<tr class=\"row-74\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/19373\/FL\/West-Palm-Beach\">West Palm Beach, FL<\/a><\/td><td class=\"column-2\">20.9%<\/td><td class=\"column-3\">12.6%<\/td><td class=\"column-4\">$460,000<\/td><td class=\"column-5\">52.6%<\/td>\n<\/tr>\n<tr class=\"row-75\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/county\/1974\/NY\/Nassau-County\">Nassau County, NY<\/a><\/td><td class=\"column-2\">20.8%<\/td><td class=\"column-3\">15.5%<\/td><td class=\"column-4\">$624,000<\/td><td class=\"column-5\">30.0%<\/td>\n<\/tr>\n<tr class=\"row-76\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15702\/PA\/Pittsburgh\">Pittsburgh, PA<\/a><\/td><td class=\"column-2\">19.7%<\/td><td class=\"column-3\">12.9%<\/td><td class=\"column-4\">$230,000<\/td><td class=\"column-5\">24.3%<\/td>\n<\/tr>\n<tr class=\"row-77\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/10455\/AR\/Little-Rock\">Little Rock, AR<\/a><\/td><td class=\"column-2\">19.4%<\/td><td class=\"column-3\">9.4%<\/td><td class=\"column-4\">$215,000<\/td><td class=\"column-5\">21.5%<\/td>\n<\/tr>\n<tr class=\"row-78\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12260\/TN\/Memphis\">Memphis, TN<\/a><\/td><td class=\"column-2\">19.2%<\/td><td class=\"column-3\">8.2%<\/td><td class=\"column-4\">$286,950<\/td><td class=\"column-5\">31.1%<\/td>\n<\/tr>\n<tr class=\"row-79\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15272\/RI\/Providence\">Providence, RI<\/a><\/td><td class=\"column-2\">18.4%<\/td><td class=\"column-3\">11.6%<\/td><td class=\"column-4\">$420,000<\/td><td class=\"column-5\">35.5%<\/td>\n<\/tr>\n<tr class=\"row-80\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/19459\/AZ\/Tucson\">Tucson, AZ<\/a><\/td><td class=\"column-2\">17.8%<\/td><td class=\"column-3\">8.6%<\/td><td class=\"column-4\">$360,000<\/td><td class=\"column-5\">50.6%<\/td>\n<\/tr>\n<tr class=\"row-81\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/19017\/NC\/Winston-Salem\">Winston-Salem, NC<\/a><\/td><td class=\"column-2\">17.7%<\/td><td class=\"column-3\">10.5%<\/td><td class=\"column-4\">$279,500<\/td><td class=\"column-5\">45.2%<\/td>\n<\/tr>\n<tr class=\"row-82\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/10200\/TN\/Knoxville\">Knoxville, TN<\/a><\/td><td class=\"column-2\">17.6%<\/td><td class=\"column-3\">8.9%<\/td><td class=\"column-4\">$340,500<\/td><td class=\"column-5\">51.6%<\/td>\n<\/tr>\n<tr class=\"row-83\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/3478\/SC\/Charleston\">Charleston, SC<\/a><\/td><td class=\"column-2\">17.4%<\/td><td class=\"column-3\">8.3%<\/td><td class=\"column-4\">$430,000<\/td><td class=\"column-5\">48.3%<\/td>\n<\/tr>\n<tr class=\"row-84\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4909\/NC\/Durham\">Durham, NC<\/a><\/td><td class=\"column-2\">17.1%<\/td><td class=\"column-3\">7.1%<\/td><td class=\"column-4\">$450,000<\/td><td class=\"column-5\">50.9%<\/td>\n<\/tr>\n<tr class=\"row-85\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/35711\/NC\/Raleigh\">Raleigh, NC<\/a><\/td><td class=\"column-2\">17.1%<\/td><td class=\"column-3\">4.7%<\/td><td class=\"column-4\">$442,000<\/td><td class=\"column-5\">44.9%<\/td>\n<\/tr>\n<tr class=\"row-86\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/18606\/NY\/Syracuse\">Syracuse, NY<\/a><\/td><td class=\"column-2\">16.8%<\/td><td class=\"column-3\">15.6%<\/td><td class=\"column-4\">$185,000<\/td><td class=\"column-5\">17.8%<\/td>\n<\/tr>\n<tr class=\"row-87\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/7891\/SC\/Greenville\">Greenville, SC<\/a><\/td><td class=\"column-2\">16.7%<\/td><td class=\"column-3\">8.7%<\/td><td class=\"column-4\">$324,995<\/td><td class=\"column-5\">41.0%<\/td>\n<\/tr>\n<tr class=\"row-88\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/7161\/NC\/Greensboro\">Greensboro, NC<\/a><\/td><td class=\"column-2\">16.7%<\/td><td class=\"column-3\">10.9%<\/td><td class=\"column-4\">$268,000<\/td><td class=\"column-5\">42.6%<\/td>\n<\/tr>\n<tr class=\"row-89\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/11570\/TX\/McAllen\">McAllen, TX<\/a><\/td><td class=\"column-2\">16.4%<\/td><td class=\"column-3\">28.8%<\/td><td class=\"column-4\">$220,000<\/td><td class=\"column-5\">37.9%<\/td>\n<\/tr>\n<tr class=\"row-90\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/1823\/AL\/Birmingham\">Birmingham, AL<\/a><\/td><td class=\"column-2\">16.4%<\/td><td class=\"column-3\">10.4%<\/td><td class=\"column-4\">$301,000<\/td><td class=\"column-5\">25.5%<\/td>\n<\/tr>\n<tr class=\"row-91\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/9406\/CT\/Hartford\">Hartford, CT<\/a><\/td><td class=\"column-2\">15.8%<\/td><td class=\"column-3\">10.6%<\/td><td class=\"column-4\">$300,000<\/td><td class=\"column-5\">27.7%<\/td>\n<\/tr>\n<tr class=\"row-92\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/6173\/FL\/Fort-Lauderdale\">Fort Lauderdale, FL<\/a><\/td><td class=\"column-2\">15.4%<\/td><td class=\"column-3\">11.0%<\/td><td class=\"column-4\">$400,000<\/td><td class=\"column-5\">40.4%<\/td>\n<\/tr>\n<tr class=\"row-93\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15434\/NY\/Poughkeepsie\">Poughkeepsie, NY<\/a><\/td><td class=\"column-2\">15.3%<\/td><td class=\"column-3\">8.9%<\/td><td class=\"column-4\">$400,000<\/td><td class=\"column-5\">43.6%<\/td>\n<\/tr>\n<tr class=\"row-94\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2070\/CT\/Bridgeport\">Bridgeport, CT<\/a><\/td><td class=\"column-2\">15.1%<\/td><td class=\"column-3\">12.8%<\/td><td class=\"column-4\">$574,444<\/td><td class=\"column-5\">27.9%<\/td>\n<\/tr>\n<tr class=\"row-95\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/3879\/OH\/Cincinnati\">Cincinnati, OH<\/a><\/td><td class=\"column-2\">14.8%<\/td><td class=\"column-3\">11.2%<\/td><td class=\"column-4\">$268,000<\/td><td class=\"column-5\">34.0%<\/td>\n<\/tr>\n<tr class=\"row-96\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4664\/OH\/Columbus\">Columbus, OH<\/a><\/td><td class=\"column-2\">14.6%<\/td><td class=\"column-3\">11.2%<\/td><td class=\"column-4\">$329,900<\/td><td class=\"column-5\">37.5%<\/td>\n<\/tr>\n<tr class=\"row-97\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13201\/NJ\/New-Brunswick\">New Brunswick, NJ<\/a><\/td><td class=\"column-2\">14.1%<\/td><td class=\"column-3\">11.8%<\/td><td class=\"column-4\">$465,000<\/td><td class=\"column-5\">32.9%<\/td>\n<\/tr>\n<tr class=\"row-98\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/29470\/IL\/Chicago\">Chicago, IL<\/a><\/td><td class=\"column-2\">13.9%<\/td><td class=\"column-3\">20.6%<\/td><td class=\"column-4\">$330,000<\/td><td class=\"column-5\">24.5%<\/td>\n<\/tr>\n<tr class=\"row-99\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13979\/FL\/Palm-Bay\">Palm Bay, FL<\/a><\/td><td class=\"column-2\">13.8%<\/td><td class=\"column-3\">9.1%<\/td><td class=\"column-4\">$355,000<\/td><td class=\"column-5\">47.9%<\/td>\n<\/tr>\n<tr class=\"row-100\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/11458\/FL\/Miami\">Miami, FL<\/a><\/td><td class=\"column-2\">13.7%<\/td><td class=\"column-3\">8.8%<\/td><td class=\"column-4\">$490,000<\/td><td class=\"column-5\">49.8%<\/td>\n<\/tr>\n<tr class=\"row-101\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13410\/CT\/New-Haven\">New Haven, CT<\/a><\/td><td class=\"column-2\">13.6%<\/td><td class=\"column-3\">9.6%<\/td><td class=\"column-4\">$310,000<\/td><td class=\"column-5\">33.6%<\/td>\n<\/tr>\n<tr class=\"row-102\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/35759\/WI\/Milwaukee\">Milwaukee, WI<\/a><\/td><td class=\"column-2\">13.0%<\/td><td class=\"column-3\">9.1%<\/td><td class=\"column-4\">$295,000<\/td><td class=\"column-5\">22.9%<\/td>\n<\/tr>\n<tr class=\"row-103\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/county\/760\/IL\/Lake-County\">Lake County, IL<\/a><\/td><td class=\"column-2\">12.8%<\/td><td class=\"column-3\">18.8%<\/td><td class=\"column-4\">$324,800<\/td><td class=\"column-5\">34.1%<\/td>\n<\/tr>\n<tr class=\"row-104\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/34945\/HI\/Honolulu\">Honolulu, HI<\/a><\/td><td class=\"column-2\">12.5%<\/td><td class=\"column-3\">7.4%<\/td><td class=\"column-4\">$705,000<\/td><td class=\"column-5\">15.1%<\/td>\n<\/tr>\n<tr class=\"row-105\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/29477\/IL\/Elgin\">Elgin, IL<\/a><\/td><td class=\"column-2\">11.7%<\/td><td class=\"column-3\">21.4%<\/td><td class=\"column-4\">$310,000<\/td><td class=\"column-5\">28.2%<\/td>\n<\/tr>\n<tr class=\"row-106\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/6171\/TX\/El-Paso\">El Paso, TX<\/a><\/td><td class=\"column-2\">11.4%<\/td><td class=\"column-3\">7.1%<\/td><td class=\"column-4\">$237,950<\/td><td class=\"column-5\">39.8%<\/td>\n<\/tr>\n<tr class=\"row-107\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13136\/NJ\/Newark\">Newark, NJ<\/a><\/td><td class=\"column-2\">11.3%<\/td><td class=\"column-3\">10.8%<\/td><td class=\"column-4\">$520,000<\/td><td class=\"column-5\">36.1%<\/td>\n<\/tr>\n<tr class=\"row-108\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12257\/WI\/Madison\">Madison, WI<\/a><\/td><td class=\"column-2\">10.8%<\/td><td class=\"column-3\">7.7%<\/td><td class=\"column-4\">$375,000<\/td><td class=\"column-5\">25.0%<\/td>\n<\/tr>\n<tr class=\"row-109\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17155\/MA\/Springfield\">Springfield, MA<\/a><\/td><td class=\"column-2\">13.5%<\/td><td class=\"column-3\">13.6%<\/td><td class=\"column-4\">$305,000<\/td><td class=\"column-5\">31.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-332 from cache --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sellers are adjusting their expectations as they realize many buyers are no longer able to afford the type of home they could have before mortgage rates shot up. An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers\u2019 budgets and homebuying sentiment drops. Price drops are [&hellip;]<\/p>\n","protected":false},"author":13153,"featured_media":74537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[20,21],"coauthors":[124],"class_list":["post-74536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-housing-affordability","tag-migration"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More Than 40% of Home Sellers Are Dropping Their Prices in Pandemic Hot Spots<\/title>\n<meta name=\"description\" content=\"Sellers are adjusting their expectations as they realize many buyers are no longer able to afford the type of home they could have before mortgage rates shot up.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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