The 10 Best Markets for Finding a Discounted Home
With a majority of U.S. homes selling below their original listing prices, HousingWire found the 10 markets with the best deals.
The number of homes selling above listing has declined, a sign that the housing market may be balancing out. According to the latest quarterly report from home trade-in company Knock, 61.52% of U.S. homes sold below their original listing price in the second quarter of 2019.
During that time, 15% of the homes sold at their original listing price, 23.48% sold above listing and the average discount was 2.65%.
Sitting at the top of the list is Miami, where 86.48% of homes sold below their marketed prices in Q2. In Q3, 84.42% of homes are forecasted to sell below their market listing. The average discount to listed price is expected to be 5%.
Maimi is followed by Chicago, Hartford, Conn., Houston, and New Orleans.
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