10 Best Cities for Buyers to Score Dream Homes in 2023: Florida Leads the Way!
The real estate market in the United States is currently favoring buyers, with more sellers than buyers in 500,000 more cases across the country, according to a new report from Redfin. In fact, at no other point in records dating back to 2013 have sellers outnumbered buyers this much, making it a buyer's market. Out of the top 50 metro areas, 31 are now buyer's markets, and in the top 10 buyer's markets, the percent of sellers far outpaces the percent of buyers.
If you're a buyer looking for your dream home, here are the top 10 markets where you have the best odds of scoring your dream home:
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Miami
- Number of sellers: 21,672
- Number of buyers: 7,280
- Sellers vs. buyers (% difference): 197.7%
- Median home sale price: $574,696
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West Palm Beach, Florida
- Number of sellers: 18,075
- Number of buyers: 6,409
- Sellers vs. buyers (% difference): 182%
- Median home sale price: $513,683
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Fort Lauderdale, Florida
- Number of sellers: 21,018
- Number of buyers: 7,525
- Sellers vs. buyers (% difference): 179.3%
- Median home sale price: $451,709
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Austin, Texas
- Number of sellers: 17,386
- Number of buyers: 7,757
- Sellers vs. buyers (% difference): 124.1%
- Median home sale price: $433,990
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Jacksonville, Florida
- Number of sellers: 14,479
- Number of buyers: 6,598
- Sellers vs. buyers (% difference): 119.5%
- Median home sale price: $368,311
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Tampa, Florida (Note: The image for Tampa is a GIF placeholder and does not represent an actual image.)
- Number of sellers: 26,917
- Number of buyers: 12,313
- Sellers vs. buyers (% difference): 118.6%
- Median home sale price: $371,028
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Phoenix (Note: The image for Phoenix is a GIF placeholder and does not represent an actual image.)
- Number of sellers: 32,418
- Number of buyers: 16,159
- Sellers vs. buyers (% difference): 100.6%
- Median home sale price: $452,290
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