The Top 10 Buyers’ Market in the US

As the real estate market bounces back in many parts of the country, sellers have the upper hand.

However, according to a recent report from online real estate portal Zillow, there are some markets

where buyers still have a clear advantage.

Philadelphia, Chicago and Cleveland take the top three spots for strong buyers’ markets in the United

States. In these cities, there’s high inventory of properties available. Properties here also tend to stay on

the market longer, meaning sellers are more willing to make price cuts and buyers don’t have to move

as fast.

If you’re looking to live where the rest of the world vacations, you’re in luck. Three Florida markets

made the list: Miami-Fort Lauderdale at number 4, Tampa at number 7 and Orlando at number 8.

Rounding out the rest of the top ten were Providence, Detroit, Cincinnati and Pittsburgh. According to

Zillow, homes in these ten markets sell for an average of 4% less than the list price. In a seller’s market,

the buyer typically does not get a discount of any more than 1% on the list price.

Around the country, inventories are tight—a factor that helped boost home prices by about 4.5% from

January of 2014 to January 2015. That’s according to the S&P Case-Shiller U.S. National Home Price

Index.

Experts with Zillow say the top buyers’ markets generally experienced a slowdown in growth without

the tech and energy booms seen in other parts of the country.

Here’s the full top 10 list of buyers’ markets from Zillow:

1. Philadelphia
2. Chicago
3. Cleveland
4. Miami-Fort Lauderdale
5.  Providence
6. Detroit
7. Tampa
8. Cincinnati
9.  Pittsburgh
10. Orlando