Other cold markets include Trenton, New Jersey; Worcester, Massachusetts; New Haven-Milford, Connecticut; and Albany-Schenectady-Troy, New York.
Factors contributing to these markets being cold include high inventory, long days on market, and frequent price reductions.
In Bridgeport-Stamford-Norwalk, for example, the median days on market is 120 and the median price reduction is 6.7%.
Despite these challenges, some experts believe that these markets could see improvement in the coming years as millennials and other buyers seek out more affordable options outside of major cities.