Over the last 12 months, none of the nation’s 100 largest housing markets have favored homebuyers, but in a market correction, a few locations offer new benefits. Inventory is expected to increase 17% nationwide in 2023, but the number of homes available for sale is expected to decline in half of the largest 100 markets, Forbes reports.
Luckily, popular markets like Salt Lake City, Dallas, and Denver will see rising for-sale inventory in the year ahead, giving priced-out buyers a long-awaited opportunity to become homeowners.
If one thing is true about 2023, it’s that buyers will experience different scenarios based on their location.
The top 10 markets likely to see the biggest gains in for-sale homes in 2023 in rank order are: Salt Lake City; Dallas, Denver; Charlotte, North Carolina; Memphis, Tennessee; Las Vegas; Charleston, South Carolina; Colorado Springs, Colorado; St. Louis and New Orleans.
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