Skip to content
The Times USA
Menu
  • ABOUT
  • CONTACT
  • LIFESTYLE
  • NATIONAL NEWS
  • BUSINESS
  • INTERNATIONAL NEWS
  • TECHNOLOGY
  • PRICE OF BUSINESS SHOW AUDIOS
Menu

“Tale of Two” Housing Markets

Posted on December 3, 2018November 30, 2018 by admin

The U.S. housing market showed signs of cooling in many of the nation’s largest metros this month with inventory increases outpacing the rest of the country, listing prices slowing and price cuts increasing. In contrast, smaller, more affordable markets continued to see price gains, according to realtor.com’s November housing report released today.

During the month of November, U.S. housing inventory rose 4 percent. However, in the nation’s largest and most expensive metros, inventory increased at a more rapid 9 percent. Seven of the 10 markets posting the largest year-over-year inventory increases are located on the West Coast, five of which are in California.

“The housing market is a Tale of Two Cities as the divergence widens between high-cost, large urban areas, and smaller, more affordable markets,” said Danielle Hale, chief economist for realtor.com. “Buyers in larger metros are seeing more homes on the market and listing prices decline, while those in smaller markets continued to see price increases.”

Nationally, the percentage of listings that saw price reductions increased to 22 percent in November, up from 19 percent a year ago. The increase is being driven by the nation’s largest markets. In fact, 40 of the 45 top markets saw an increase in price reductions. San Jose, Calif., topped the list with the share of price reductions growing by 16 percent, from 17 percent last year to 33 percent in November. It was followed by Indianapolis (+15 percent), Seattle (+12 percent), San Francisco (+9 percent) and San Diego (+9 percent).

Small markets propel 9 percent increase in home prices

The median U.S. listing price grew 9 percent year-over-year to $293,000 in November, down slightly from October, which is in line with the usual seasonal pattern, but higher than last year’s increase of 8 percent.

Of the 45 metros, 35 still saw year over year gains in their median listing price, however only 8 markets outpaced the national growth rate of 9 percent. This indicates that although prices are still increasing nationally, the gains are predominantly from smaller markets. Chattanooga, Tenn. (+17%), Spokane, Wash. (+15%), and Greensboro–High Point, N.C. (+14%) are some of the markets that posted the highest year-over-year median list price growth.

The steepest declines were felt in San Jose, Calif. and Austin, Texas, which were down 4 percent, or $41,000 and $15,000, respectively. Jacksonville, Fla., Nashville, Tenn., Houston, Tampa, Fla., Dallas, and San Francisco also saw declines.

Homes continued to sell at a relatively rapid pace of 71 days on average in November, five days faster than last year.

Metro

Active
Listing
Count YoY

New
Listing
Count YoY

Median
Listing
Price YoY

Price
Reduced
Count YoY

Price
Reduced
Share Y-Y

San Jose-Sunnyvale-Santa Clara, Calif.

160%

19%

-4%

415%

16%

Seattle-Tacoma-Bellevue, Wash.

78%

13%

10%

156%

12%

San Francisco-Oakland-Hayward, Calif.

58%

15%

-1%

151%

9%

San Diego-Carlsbad, Calif.

46%

17%

1%

88%

9%

Nashville-Davidson–Murfreesboro–Franklin, Tenn,

31%

10%

-2%

52%

3%

Portland-Vancouver-Hillsboro, Ore.-Wash.

29%

-1%

1%

45%

4%

Los Angeles-Long Beach-Anaheim, Calf.

27%

15%

4%

76%

7%

Boston-Cambridge-Newton, Mass.-N.H.

19%

13%

1%

58%

7%

Jacksonville, Fla.

18%

11%

-2%

43%

5%

Riverside-San Bernardino-Ontario, Calif.

18%

6%

4%

52%

6%

Dallas-Fort Worth-Arlington, Texas

17%

7%

-1%

25%

2%

Tampa-St. Petersburg-Clearwater, Fla.

16%

12%

-1%

36%

6%

Detroit-Warren-Dearborn, Mich.

14%

19%

5%

27%

3%

Atlanta-Sandy Springs-Roswell, Ga.

12%

10%

5%

33%

4%

New York-Newark-Jersey City, N.Y.-N.J.-Penn.

12%

9%

11%

32%

3%

Orlando-Kissimmee-Sanford, Fla.

11%

7%

1%

45%

8%

Houston-The Woodlands-Sugar Land, Texas

11%

10%

-1%

18%

2%

Miami-Fort Lauderdale-West Palm Beach, Fla.

10%

4%

0%

23%

2%

Minneapolis-St. Paul-Bloomington, Minn.-Wis.

8%

10%

4%

29%

5%

Austin-Round Rock, Texas

8%

2%

-4%

18%

3%

Charlotte-Concord-Gastonia, N.C.-S.C.

8%

8%

0%

42%

8%

San Antonio-New Braunfels, Texas

6%

11%

2%

20%

3%

Raleigh, N.C.

5%

11%

1%

30%

5%

Hartford-West Hartford-East Hartford, Conn.

5%

-4%

3%

5%

0%

Kansas City, Mo.-Kan.

4%

0%

10%

54%

9%

Chicago-Naperville-Elgin, Ill.-Ind.-Wis.

3%

5%

4%

11%

2%

Richmond, Va.

2%

14%

3%

29%

6%

Rochester, N.Y.

1%

9%

6%

34%

6%

New Orleans-Metairie, La.

0%

-11%

2%

-11%

-3%

Cincinnati, Ohio-Ky.-Ind.

0%

8%

9%

8%

2%

Buffalo-Cheektowaga-Niagara Falls, N.Y.

-1%

0%

8%

5%

2%

Virginia Beach-Norfolk-Newport News, Va-N.C.

-2%

-2%

3%

3%

1%

Memphis, Tenn.-Miss.-Ark.

-2%

0%

11%

7%

2%

Louisville/Jefferson County, Ky.-Ind.

-2%

-6%

10%

-2%

0%

Cleveland-Elyria, Ohio

-3%

4%

9%

10%

3%

Phoenix-Mesa-Scottsdale, Ariz.

-3%

4%

3%

14%

7%

St. Louis, Mo.-Ill.

-3%

-12%

8%

-3%

0%

Washington-Arlington-Alexandria, D.C.-Va-Md.-W.V.

-5%

-5%

1%

7%

3%

Baltimore-Columbia-Towson, Md.

-6%

-7%

3%

11%

4%

Philadelphia-Camden-Wilmington, Penn.-N.J.-Del.-Md.

-7%

-10%

9%

2%

3%

Pittsburgh, Penn.

-7%

5%

2%

-3%

1%

Oklahoma City, Okla.

-8%

-2%

6%

-13%

-2%

Milwaukee-Waukesha-West Allis, Wis.

-9%

7%

13%

7%

3%

Birmingham-Hoover, Ala.

-9%

-3%

10%

7%

2%

Indianapolis-Carmel-Anderson, Ind.

-11%

4%

13%

39%

15%

Click here for more information.

About realtor.com
Realtor.com, The Home of Home Search℠, offers an extensive inventory of for-sale and rental listings, and access to information, tools and professional expertise that help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today is the trusted resource for home buyers, sellers and dreamers by making all things home simple, efficient and enjoyable. Realtor.com is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS. For more information, visit realtor.com.

You Might Also Like...

  • Iconic Business Magazine Brand Sold for $150 Million

    Meredith Corporationtoday announced an agreement to sell the FORTUNE media brand for $150 million cash…

  • Why It’s Not HR’s Job to Make Us Get Along

      By Jennifer K. Crittenden, Special for THE TIME USA Recently, I attended a workshop about…

  • From "Recruiting" to "Talent Acquisition"

    By the Price of Business of Business show, Media Partner of TTUSA. James Talerico, Jr.…

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIDEO: This Week’s Best of our Network

https://www.youtube.com/watch?v=de35FQzRYQE

GDPR Compliance

USABR does not collect data on its visitors.  For more information visit: https://www.usabusinessradio.com/contact-us/

Contact

Contact articles@usabusinessradio.net for more information on articles on this site. BMuyco@usabusinessradio.net for all other information.

Recent Articles

  • Fuel Management Strategies for Multi-Vehicle Fleets
  • PR Is Still Key for Growing Companies, but It’s Changed
  • How QA and Cybersecurity Combine To Build Trustworthy Digital Products
  • A Strategic Approach to Succession Planning: Maintaining Your Corporate Culture and Operational Efficiency During a Succession
  • Leadership Flow

Also in TTUSA

  • You Must Comply With Your Cyber Liability Insurance
  • Author of NY Times Bestselling Series on Her Latest Installment, “Dawnlands”
  • Predictions About 2018 Holiday Spending Points to the Rise of a New Demographic Attribute
  • Transgender Female Athletes: Fair or Foul?
  • Mississippi State Head Football Coach Mike Leach Hospitalized

RSS The Daily Blaze

  • Frivolous Lawsuits Undercut Press Freedom
  • Tragedy in Flash Flood Alley: A Wake-Up Call for Government Preparedness
  • The Largely Unreported Example of Bipartisanship on a Major AI Legislation
  • Media Fumbles Epstein Coverage, Distracts With Partisan Spin
  • A Renaissance for Nuclear Energy in the United States

RSS USA Business Radio

  • What Media Exposure Actually Does for a Business
  • Need Help Navigating Long Term Care? Start With Your Long Term Care Insurance Specialist
  • Knowing Your Worth in PR
  • Deregulation by Firing? Silence Surrounds Deadly Floods and NWS Layoffs
  • Looking for Investment Opportunities in Every Economy

RSS USA Daily Times

  • Luxury Travel as a High-Impact Investment
  • The Smartest Way To Scale ServiceNow: People, Not Just Platform
  • Where Price Meets Prestige: A First-Class Travel Experience
  • Luxury Travel in Hawaii and the South Pacific
  • Sail the World and Write Your Travel Story

RSS USA Daily Chronicles.

  • Fortify Your Front Door With the Right Lock
  • David H. Souter, Retired U.S. Supreme Court Justice, Dies at 85
  • 3 Enlightened Things You Need To Know if You Feel Like You’re Losing Your Mind
  • Let’s Prevent Child Abuse Every Month
  • Bringing Resilience and Simplicity Into Life With MS

RSS Price of Business

  • The Importance of Regular Plumbing Inspections at a Business
  • Leading Business Authority Answers Listeners Questions on Navigating Tariffs
  • Are Russian Sanctions Working When Oil Exports Use Shadow Vessels
  • “Climate Change” and more on PriceofBusiness.com: Latest Guest Posts & Articles for July 11th 2025
  • Reviewing the Impact of Climate Change on Shipping Routes

RSS US Daily Review

  • Leading Business Authority Answers Listeners Questions on Navigating Tariffs
  • Jenny Lyon’s Commentary Feature on the Price of Business Digital Network
  • Promise and Pushback: The Debate Over the Big Beautiful Bill
  • What’s the Deal With Musk’s “America Party?”
  • The Fit That Matters

PoB Digital Network

US Daily Review

USA Business Radio

USA Daily Chronicles

USA Daily Times

The Daily Blaze

The Times USA

Price of Business

© 2025 The Times USA | Powered by Superbs Personal Blog theme