Over 60% of the largest metro areas in the US are either balanced markets or tilted toward buyers as the peak spring homebuying season approaches.
Texas and Florida dominate the list of markets where buyers have the upper hand, according to a new report from Realtor.com. Austin, Jacksonville, Orlando, Miami, and Tampa all tilt toward buyers, alongside Atlanta, Nashville, and Riverside, Calif.
Just over a quarter of cities — mostly in the Northeast and the Midwest — favor sellers, with Chicago, Indianapolis, Hartford, Conn., and Virginia Beach having the strongest seller advantages. On the West Coast, San Francisco and San Jose are also still tilted toward sellers as Northern California’s AI boom stokes fresh housing demand.
Most other population centers are, to some degree, balanced. Realtor.com’s “Market Clock,” in which 12 on a clockface represents a strong seller’s market, and 6 represents a strong buyer’s market, puts the US as a whole at 3 — balanced but cooling.
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