Are ‘Buyer’s Markets’ Resurfacing in Once Unaffordable U.S. Regions?
A new Bankrate analysis reveals that some U.S. regions are experiencing a shift towards a buyer's market, with homes taking longer to sell and prices being reduced. The top 10 metros by the Buyer's Opportunity Index include San Francisco, San Jose, and Seattle.
The U.S. property market has changed significantly since the global pandemic, offering new opportunities for buyers in some regions. According to Bankrate data, Texas's once-hot real estate markets are cooling, with prospective buyers demanding price reductions of thousands of dollars. Homeowners in Southwest Florida are also offering to repaint their properties to attract buyers. Bankrate's Buyer Opportunity Index scored the 100 largest U.S. metro areas across four key metrics, ranking each according to their relative market strength. The top 10 metros by the index include San Francisco, San Jose, and Seattle. Colorado Springs, CO, experienced one of the biggest shifts towards a buyer's market, with housing supply quadrupling between February 2022 and February 2026. Homes in Colorado Springs now lie unsold for an average of 54 days, nearly 11 times longer than they did four years ago.
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