Buyers: These 5 U.S. Cities Have the Most Homes on the Market

A busy time of year in real estate, spring typically sees a spike in housing market activity. Recent data suggests this spring will be busier than last year’s in terms of sales and listings.

The RE/MAX National Housing Report for April 2024, a survey of 50 U.S. metro areas, revealed that home sales were up 9% from April of a year ago. New listings increased 18.2% from the year prior, too. Prospective homebuyers who have been seeking more options to choose from should be happy about this uptick in inventory.

According to the report, five cities stood out for having a significantly higher number of homes on the market this spring. Here’s a look:

1. Tampa, Florida

Increase in Active Inventory Since April 2023: 81.8% Median Price of Homes Sold: $375,000 Average Days on Market: 55

2. Orlando, Florida

Increase in Active Inventory Since April 2023: 73.1% Median Price of Homes Sold: $400,000 Average Days on Market: 53

3. Miami, Florida

Increase in Active Inventory Since April 2023: 63.5% Median Price of Homes Sold: $500,000 Average Days on Market: 60

4. San Diego, California

Increase in Active Inventory Since April 2023: 58.4% Median Price of Homes Sold: $895,000 Average Days on Market: 24

5. Dallas, Texas

Increase in Active Inventory Since April 2023: 49.4% Median Price of Homes Sold: $405,000 Average Days on Market: 43

For more insight on what this could mean for homebuyers and sellers, check out the most recent National Housing Report coverage on RE/MAX News.

If you’re ready to make a move this spring, get in touch with a local RE/MAX agent today.

Get RE/MAX News delivered to your inbox! Sign up for News Alerts in the footer below.