These Cities In The U.S. Have The Most Homes Going On The Market
It's a tough time to be in the real estate market, whether you're buying or selling a home. Although the season of spring generally brings more sellers listing their homes on the market, that doesn't seem to be the case this year, and buyers and sellers are not happy. According to Realtor.com, the percentage of homes for sale dropped 19% in March of this year compared to March 2021. Talk about a tough crowd.
However, it is important to know that markets are built on different spectrums, so they are not equivalent to each other as different locations have different factors. Trends you see in one market will look different in another. Through research and data, Realtor.com discovered the main areas around the country where homes are drastically selling on the market. They are definitely out there and the data found proves it. If you're looking to buy a home without the struggle of finding available listings, check out these places to find out if any of them bring to the table what you're searching for on your dream home journey.
The top 10 cities with the most listings on the market
Based on the data that was found, it was discovered that areas that had massive population growth within the last few years simply just had more homes to offer. Especially throughout the pandemic, these areas witnessed the number of remote workers rising, and more homes were built at a rapid rate due to this circumstance.
If you're someone who works from home or looking to move, one of these cities might be a great option to consider. According to Realtor.com, the current cities rising on the market are Panama City, FL, Daphne, AL, Myrtle Beach, SC, Jacksonville, NC, Iowa City, IA, Macon, GA, East Stroudsburg, PA, Greeley, CO, Boise, ID, and Atlantic City, NJ. Panama City, FL, came in at number one and Atlantic City, NJ, came in as number ten. Chief economist at Zonda stated that even with more listings provided in these areas, they aren't out of the woods yet as things weren't exactly great before the pandemic, which might be a clear indication that the real estate market isn't going back to the norm any time soon.