CHICAGO – June 7, 2019 – A Realtor.com study of homes for sale and prices finds two Florida cities in the top 10 nationally for those looking to purchase: Jacksonville is No. 4 and Tampa is No. 10.
The top housing market for home buyers in the country is Albany, N.Y., according realtor.com. It says a combination of low sales price growth and more homes for sale makes Albany a hot choice for homebuyers. The median list price was about $295,000 in April – about 5% below the national median of $310,000.
"It's a very middle-class, homey city," Anthony Gucciardo, a local broker with Gucciardo Real Estate, told realtor.com. "We have a lot of state government and colleges, so there [are] employment opportunities."
Following Albany, rounding out the 10 top nationwide buyers markets – those most favorable to home shoppers, according to realtor.com – are: Chicago; San Antonio, Texas; Jacksonville, Fla.; Riverside, Calif.; Los Angeles; Providence, R.I.; Dallas; Nashville, Tenn.; and Tampa, Fla.
In these markets, price growth has slowed, averaging a modest 1.4% year over year compared to 8.4% the prior year. Also, buyers are getting more choices: For Sale signs in these markets are growing, averaging 14.6% year over year. Nationally, inventories have risen only 4%.
"These 10 housing markets are already more buyer-friendly when looking at the availability of homes for sale in different markets," says Danielle Hale, realtor.com's chief economist. "As inventory continues to grow in these markets, buyers will see more options and should ultimately gain more bargaining power."
Source: "The Top Real Estate Market for Home Buyers Is What?" realtor.com(R) (June 4, 2019)
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