Phoenix tops the buyer’s friend

Shopping for home can be difficult, but searching for one in the real estate market that is more suitable for buyers can help reduce this pain.

Reallyt.com mentioned Monday that a handful of cities has emerged in May as the most “buyer’s friend”, offering a large stock and a lot of homes with low prices.

Cities are formed in seven different states, all in the south or west, the ten metro areas that host Housing markets The most suitable for buyers, according to the report.

These cities are major areas for renting for new university graduates

According to RealTor.com, these are five of the ten most “buyer” areas:

Phoenix, Arizona

Phoenix, where more than 1.67 million people live, is the capital of Grand Canyon. Among the characteristics of the market for sale in May, 31.3 % reduced the price, which is a percentage higher than any other cities at the top of 10, for per rotor.com. number Active lists In Phoenix scored a 23.1 % jump on an annual basis last month.

Tamba, Florida

The houses in Tampa took 60 days for sale and expanded an average price of $ 417500. The real estate market mentioned approximately 29.9 % of its lists in May’s price reduction.

Denver, Colorado

The number of active menu of Denver has achieved the largest year -based jump in May, which it tied to RELTOR.com by 63.9 %. Meanwhile, the percentage of intended houses for sale, which has been subjected to price discounts, was 29.4 %.

Young real estate investors reach the standard market share, and now dominates 59 % of investor purchases

Austin, Texas

The home buyers in Austin witnessed the medium house asking $ 525,000 in May, according to the report. Reallytor.com found 29.1 % of homes on the market to get a discount. It is the capital From TexasA country that has seen an influx of people in recent years.

Jacksonville, Florida

In May, the city of Jackson in northeastern Florida recorded an increase of 31.2 % in the active menus a year ago, for every RealTor.com. Nearly 28.8 % of homes in the area are characterized by a price reduction. The average of $ 405,000, who sought the market in the market in May was only by another city listed in TOP 10 in RealTor.com.

Other metro areas of the top 10 include Charleston, South Carolina; Salt Lake City, Utah; Dallas, Texas; Palm Pay, Florida; Portland, Oregon, according to the Reeltor.com website.

Home sellers face a new, harsh reality, as the lists reached the record worth $ 696 billion

On the national level, the United States had more than a million homes in the market in May, a level that the United States has not climbed since the winter of 2019, a separate report issued earlier in the month by the real estate market.

Prices were reduced in 19.1 % of the houses offered for sale throughout the country last month, according to the RealTor.com website.

The United States’ house vendors sought to obtain a average price of $ 440,000 in May, which represents a 2 % increase from the previous month and raised 0.1 % over last year.