Albany, N.Y., topped Realtor.com’s list of buyer’s markets, with a median home price of $295,000 in April.
The capital of New York state, about 150 miles north of New York City, has that magic combination of low sales price growth, more homes going up for sale, and properties that are taking their time to sell—giving buyers a bit of a breather.
Rounding out the rest of the top 10 best buyer's markets were Chicago; San Antonio, TX; Jacksonville, FL; Riverside, CA; Los Angeles; Providence, RI; Dallas; Nashville, TN; and Tampa, FL.
Price growth in these markets rose only an average 1.4% year over year, as compared with 8.4% the previous year. That's a boon to cash-strapped buyers.
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