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Nationwide, active house listings for sale have surged 24.8% over the last year, according to Redfin. That jump in inventory has caused many cities to swing toward a buyers’ market. Meanwhile, lingering high interest rates have put a damper on buyer demand.
It begs the question: Which cities stand poised to jump most in price if Federal Reserve Chairman Jerome Powell cuts interest rates?
Kansas City, Missouri
- Median home price: $251,923
- Median days on market: 7
Throughout the pandemic explosion in property prices, Kansas City kept its cool and remained affordable. Even as other cities around the country have softened over the last six months, Kansas City’s inventory remains tight enough that listings last just seven days on average, according to Zillow…