Shopping for a house is usually a tug of struggle between dwelling sellers and homebuyers. In lots of markets, one facet has a bonus over the opposite.
Now that dwelling costs are declining, patrons are gaining some leverage on sellers in lots of cities — however not in every single place.
Regardless of the nation’s cooling actual property market, dwelling sellers nonetheless have the higher hand in lots of markets. And in a couple of locations, their energy is particularly sturdy, in response to Realtor.com.
In these markets, worth good points stay sturdy and lots of houses are promoting. Following are the locations the place dwelling sellers nonetheless reign supreme.
1. Davenport, Iowa
12 months-over-year change within the dwelling worth per sq. foot on this market: 38.4% improve as of February
Median listing worth on this market: $208,700 as of February
In search of a small, cozy new dwelling? You may need to attempt your luck in Davenport. Iowa is likely one of the “10 States With the Smallest Properties.”
2. Montgomery, Alabama
12 months-over-year change within the dwelling worth per sq. foot on this market: 26.5% improve as of February
Median listing worth on this market: $301,165 as of February
House sellers may need the higher hand in Montgomery, however that doesn’t imply your greenback received’t stretch far right here. Montgomery is No. 1 on the listing of “America’s 15 Most Reasonably priced Cities for Retirees.”
3. Wichita, Kansas
12 months-over-year change within the dwelling worth per sq. foot on this market: 19.8% improve as of February
Median listing worth on this market: $319,995 as of February
Youthful patrons may need to head to the heartland: Regardless of being a sellers’ market, Wichita is No. 1 on the listing of “The ten Greatest Cities for First-Time Homebuyers in 2023.”
The remainder of the highest 10
Listed below are a couple of extra markets the place dwelling sellers have the higher hand:
- Tulsa, Oklahoma: 18.5% year-over-year improve within the dwelling worth per sq. foot
- Youngstown, Ohio: 18.1% improve
- Minneapolis, Minnesota: 17.1% improve
- McAllen, Texas: 16.4% improve
- Harrisburg, Pennsylvania: 16.1% improve
- Little Rock, Arkansas: 15.9% improve
- Knoxville, Tennessee: 13% improve
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