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GOBankingRates
10 Easiest (Plus 10 Hardest) Housing Markets for Homebuyers in 2024
By Deborah Sabinus,
8 hours ago
One thing with the housing market is that you’re always going to find options at opposing ends of the spectrum. However, the results ultimately depend on what you’re looking for and how you’re looking.
If you consider the bigger cities and towns, you’ll find that it can be the hardest housing market for home buyers because there’s high demand and low supply and therefore the prices of homes and cost of living skyrocket. But if you’re looking at small non-populous cities and towns, you’ll find affordable housing and easier housing markets. Because its demand is less than the supply, there’s no competition or increasing prices and the costs are more affordable.
In light of this trend, GOBankingRates found the easiest and hardest housing markets of this year. The metrics covered include median home listing price and median days on the market to determine the supply and demand for various housing markets.
The hardest housing markets vary across some locations but some places stand out the most. For example, Manchester in New Hampshire is the hardest housing market area while New York and Ohio areas follow suit.
Methodology: Some metrics were analyzed on Realtor.com website for the largest metro areas in the U.S. This determined the data for the easiest and hardest housing markets of 2024. Metrics analyzed included year-over-year shift in median list price, year-over-year shift in active listing count, median days on the market and change in active listing levels between July 2019 and July 2024.
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