In other cities, factors like as increasing mortgage rates and rising inventory are pushing prices down.
However, the huge influx of entry-level properties for sale is lowering median asking prices in several cities.
According to Realtor.com, Tulsa is a good example of a market where this is happening.
According to Realtor.com, rising mortgage rates have scared off potential buyers in the first — but not the final — Rust Belt city on this list.
The fact that more affordable properties are now on the market is driving median asking prices further down.
The median price in Springfield is decreasing as smaller properties come on the market.