--- title: 10 Cities Where Homebuyers Now Have the Advantage Over Sellers description: For two years, it's been a seller's market when it comes to homes for sale. But the power is shifting and now favor buyers in many cities. authors: - name: Sarah Hansen role: Senior Writer url: https://money.com/author/sarah-hansen/ bio: Sarah Hansen is a senior writer at Money covering all things personal finance. Previously, she covered economic policy and capital markets on the breaking news desk at Forbes. education: Northwestern University, New York University at_money_since: 2021 articles: 347 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://www.linkedin.com/in/sarah-m-hansen/ former_staff: true editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2022-09-30T11:00:19.000Z' modified: '2024-01-10T13:16:54.000Z' section: Housing tags: - News word_count: 402 canonical: https://money.com/cities-buyers-markets-homes-for-sale/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Aerial View Of San Francisco City Skyline](https://img.money.com/2022/09/News-Top-10-Cities-Buyers-Markets.jpg) *San Francisco* Between rising [mortgage rates](https://money.com/current-mortgage-rates/), [high inflation](https://money.com/inflation-food-rent-price-increase/), sky-high real estate prices and an [uncertain stock market](https://money.com/investing-moves-dow-bear-market/), it’s really hard to buy a house now. But after two years of pandemic-fueled price hikes and [bidding wars](https://money.com/housing-market-cooldown-bidding-wars/), the balance of power in the housing market is finally shifting towards buyers — especially in western states like California. That’s according to a new [report](https://www.knock.com/blog/the-great-housing-divide-south-and-east-remain-seller-strongholds-west-coast-cool-off-spreads-beyond-california/) from home-financing startup Knock, which finds that once-hot destinations like San Francisco, Phoenix and Boise City are cooling off and becoming a lot more buyer-friendly. Knock uses data on home inventory, sales numbers, time on the market, list prices, sales prices and more to determine which cities are considered “buyer’s markets.” More inventory and lower sales prices mean that buyers have an easier time finding their dream home, while sellers are more likely to accept offers [below their list price](https://money.com/homes-selling-below-asking-price/). ## U.S. home sales: Top 10 buyer's markets Below are the top 10 metro areas that were most favorable to homebuyers in August, according to Knock. In San Francisco, prices actually fell that month. For the other places in the top 10 buyer's markets, median home prices are rising more slowly than the national average of 8% annually. 1. San Francisco-Oakland-Berkeley, California 2. Salt Lake City, Utah 3. Phoenix-Mesa-Chandler, Arizona 4. San Diego-Chula Vista-Carlsbad, California 5. San Jose-Sunnyvale-Santa Clara, California 6. Los Angeles-Long Beach-Anaheim, California 7. Fresno, California 8. Las Vegas-Henderson-Paradise, Nevada 9. Boise City, Idaho 10. New Orleans-Metairie, Louisiana ## Most housing markets still favor sellers — for now Of course, the majority of cities in the U.S. are still more favorable to sellers rather than buyers. In August, Knock found that more than two-thirds of the 100 largest housing markets in the United States were more favorable to sellers. But given where the economy is headed, the company expects the housing market to equally favor buyers and sellers by August of next year. Others are even more optimistic: 44% of economists and housing market experts [polled by Zillow](https://www.zillow.com/research/zhpe-q3-2022-buyers-market-31481/) last month said they believe that housing market conditions will shift "decidedly" in favor of buyers in 2023. Knock also predicts that a handful of hot markets will become more favorable to buyers over the next year, including Portland, Oregon; Jacksonville, Florida; Nashville, Tennessee; and Charlotte, North Carolina. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/cities-buyers-markets-homes-for-sale/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Housing", "item": "https://money.com/housing/" }, { "@type": "ListItem", "position": 3, "name": "Housing Market", "item": "https://money.com/housing-market/" }, { "@type": "ListItem", "position": 4, "name": "10 Cities Where Homebuyers Now Have the Advantage Over Sellers" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/cities-buyers-markets-homes-for-sale/#webpage", "url": "https://money.com/cities-buyers-markets-homes-for-sale/", "name": "10 Cities Where Homebuyers Now Have the Advantage Over Sellers", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2022-09-30T11:00:19.000Z", "mainEntity": { "@id": "https://money.com/cities-buyers-markets-homes-for-sale/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/cities-buyers-markets-homes-for-sale/#breadcrumb" }, "dateModified": "2024-01-10T13:16:54.000Z" }, { "@type": "NewsArticle", "headline": "10 Cities Where Homebuyers Now Have the Advantage Over Sellers", "articleSection": "Housing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2022/09/News-Top-10-Cities-Buyers-Markets.jpg", "width": 2880, "height": 1920, "caption": "News-Top-10-Cities-Buyers-Markets" } ], "author": [ { "@type": "Person", "name": "Sarah Hansen", "url": "https://money.com/author/sarah-hansen/", "@id": "https://money.com/author/sarah-hansen/#author", "description": "Sarah Hansen is a senior writer at Money covering all things personal finance. 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