Florida and New York Metros Top Zillow’s Buyer-Friendly Markets

The median home value in Miami is $335,200 on Zillow. Miami home values have gone up 2.0% over the past year and Zillow’s Miami real estate market prediction is that the prices will fall -0.6% in 2020. The median list price per square foot in Miami is $417, which is higher than the Miami-Fort Lauderdale-West Palm Beach Metro average of $221.

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More and more real estate markets are becoming "buyer friendly" in 2019. Last month, Realtor.com published a list of the top 10 markets for buyers. These are cities with sufficient housing inventory and declining prices. The metro areas of San Antonio, Los Angeles, Dallas and Chicago made the list.

Of the 10 metro areas that have the best conditions for buyers as home-shopping season approaches, three are in Florida – Miami, Tampa and Orlando – but the best market overall for buyers is New York, according to the Zillow Buyer-Seller Index.. It’s not that New York is all that affordable: Its median home value in January was $438,300, almost double the U.S. median of $225,300.

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The housing market is slowing in this city about 30 miles from New York. Home prices haven’t risen over the past year, and houses for sale are staying on the market longer than the U.S. average. Plus, the percentage of mortgages underwater in Stamford is higher than the percentage nationwide.

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Tax rates, real estate, hiring costs and financial strength were among the factors in the new CNBC Metro 20. rate and a housing market that is among the top 10 when it comes to home-value growth,

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July’s housing market report paints a rosier picture of home prices for sellers. Home Prices rose while supply is heading downward. That could predict higher home prices. builders sentiment is improving which could add new home supply for 2020. See the stats, charts and expert opinions about the US housing market.