Home Buyers Gain Negotiating Power in 38 US Metros
Redfin reports that home buyers held negotiating power in 38 major US metropolitan areas during March. This is an increase from 29 markets recorded the previous year. Nationally, sellers outnumber buyers by 43 percent, approaching a record high. Only five markets currently remain seller's markets, down from nine last year. Miami remains a strong seller's market. This shift indicates a growing buyer's market in various regions this spring. The data suggests a change in market dynamics compared to previous periods. The report comes as part of broader spring real estate trends.
Topics
Developing
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Sources · 7 independent
KYW Newsradio 1060
“Redfin says home buyers held the negotiating power in 38 major metros in March way higher than a year ago, up from 29 last year.”
KYW Newsradio 1060
“Redfin says home buyers held the negotiating power in 38 major metros in March way higher than he used to be.”
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