The housing market is cooling, creating a more balanced market for buyers and sellers, according to a new Knock report. The housing market became more neutral in October, the first time since July 2020 that neither buyers nor sellers had an upper hand. In major metros, sellers still have an edge, while pandemic boomtowns in the Sun Belt remain favorable to buyers.
Here are the top 5 metros for buyers:
- Phoenix-Mesa-Chandler, AZ
- San Francisco-Oakland-Berkeley, CA
- Salt Lake City, UT
- Austin-Round Rock-Georgetown, TX
- Boise, ID
And here are the top 5 metros for sellers:
- Fayetteville, NC
- Winston-Salem, NC
- Columbia, SC
- Hartford-East Hartford-Middletown, CT
- Rochester, NY