CoStar Group Inc.'s Homes.com released a new report analyzing national home price trends for November, revealing a 2.4% year-over-year increase in the median sale price to $385,000. The report highlights that the Midwest led the nation in home price appreciation, with cities like Cleveland, Cincinnati, Pittsburgh, and Saint Louis seeing gains between 7.5% and 11.6%. While 65% of nearly 1,000 tracked markets experienced price appreciation, some, such as Jacksonville, Florida, saw declines. Improved affordability, attributed to income growth and a 0.7 percentage point drop in mortgage rates since May, combined with a 17.9% annual rise in inventory to the highest November level since 2015, is expected to boost homebuying activity. CoStar's analysis suggests a more balanced market where buyers and sellers are finding common ground.