Homebuyers, rejoice! In these markets, you finally have more properties to choose from.
Chris Kissell • July 21, 2022 • Advertising Disclosure
For a long time now, new home listings have been tough to find in many U.S. cities.
The housing market has been so hot that every time a listing has gone up for sale, a swarm of would-be buyers immediately has buzzed around it. Many of these homes have sold in just days, if not hours.
But that is starting to change. As the housing market undergoes a significant cooling trend, new home listings suddenly are popping up all over the place, making it easier for shoppers to find the home of their dreams.
That is especially true in a handful of markets. Following are the cities with populations of at least 750,000 that had the biggest spike in new home listings during June of this year when compared to June 2021, according to a new Redfin analysis.
City’s 12-month increase in the number of new home listings as of June: 10.4%
The Raleigh market has been on fire for a while. Now, homebuyers are finally getting some relief. The capital of North Carolina remains a good place to relocate to, as it is among the “15 Cities With the Most Employment Growth.”
City’s 12-month increase in the number of new home listings as of June: 10.8%
Florida remains a favorite place for those seeking to start over, and housing prices have been rising sharply over the past few years. But things are cooling a tad and more new listings are coming online.
City’s 12-month increase in the number of new home listings as of June: 13.5%
Las Vegas is no stranger to booms and busts. And although housing is nowhere near imploding in Sin City, it does appear that a better balance is returning to the market.
City’s 12-month increase in the number of new home listings as of June: 15.3%
Colorado Springs is another place where bidding wars were the norm until recently. Now, the city is No. 2 on the list of the “10 Markets Where Home Prices Could Plummet by 20%.”
City’s 12-month increase in the number of new home listings as of June: 16.3%
People have been streaming into Austin in recent years, pressuring housing stock and causing prices to jump. Things are slowing down a bit now, but the capital of Texas remains atop the list of the “10 Housing Markets That Are Most Likely to Keep Their Value.”
City’s 12-month increase in the number of new home listings as of June: 16.8%
Fort Worth is another Texas city that has boomed recently. It’s one of the “15 Real Estate Markets Offering the Most Bang for Your Buck.”
City’s 12-month increase in the number of new home listings as of June:18.7%
Next-door neighbor to Fort Worth and the third consecutive Texas city on this list, Dallas is a great place to move if you are younger, as it is one of the “15 Cities With the Most Diverse Millennial Populations.”
City’s 12-month increase in the number of new home listings as of June: 19.5%
It’s no secret that this part of Southwest Florida has been growing rapidly for years. Perhaps more surprising, though, is the fact that the North Port region finished first on the list of “15 Cities With the Most Entrepreneurs.”
City’s 12-month increase in the number of new home listings as of June: 20.9%
The McAllen area in far southern Texas is among the most affordable places to buy a home in the U.S. And with the supply of newly listed homes rising, this might be the time to give the city a try.
City’s 12-month increase in the number of new home listings as of June: 30.5%
Homebuyers are humming a happy tune in Music City: In the past year, the number of listings has jumped by almost one-third.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.
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