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.
Advertisement
Related Stories
Off-Site Construction
New Study Examines Barriers and Solutions in Manufactured Housing
The study from Harvard's Joint Center looks at the challenges faced by developers using manufactured housing and how they're overcoming those barriers
Affordability
The Disappearing Act That Is Middle-Income Housing
An expert weighs in on the diminishing supply of middle-income housing, which is particularly acute in California, and what to do about it
Off-Site Construction
Utah Passes Bill to Regulate Modular Construction at the State Level
Goals for housing innovation and affordability meet in Utah's passage of a new bill that establishes a statewide modular construction program