The best places to buy and sell property in the USA

Pending home sales rose in April for the fourth month in a row in the USA, according to the National Association of Realtors.

The new RealtyTrac report for the same month found that homes sold at their market value in 14 per cent markets monitored across the country. There were 44 in total, including Maricopa County, Arizona, Riverside County in inland Southern California, Maryland, Washington DC, Fulton County, Georgia and Wake County, North Carolina.

The market’s recovery, though, is mixed, as areas such as Miami, Florida, race ahead of the national average thanks to foreign demand.

“At the local level… most markets tipped in favor of either sellers or buyers — although there were some Goldilocks markets exhibiting a ‘just right’ balance between buyers and sellers,” says Daren Blomquist, vice president at RealtyTrac.

Where are the best places for buyers and sellers?

Top 5 US buyers’ markets

Buyers purchased below market value in 59 per cent of markets, according to RealtyTrac, as conditions favoured purchasers over home owners.

 

Saint Louis City, Missouri

Homes sold below market value: 77 per cent

Photo: AllAboutMyTripDotCom

 

Baltimore City, Maryland

Homes sold below market value: 78 per cent

Photo: L. Burchfield

 

Beaver County, Pennsylvania

Homes sold below market value: 82 per cent

Photo: JMD41280

 

Bartow County, Georgia

Homes sold below market value: 84 per cent

Photo: Thomson20192

 

Chittenden County, Vermont

Homes sold below market value: 85 per cent

Photo: Dougtone

 

Top 5 US sellers’ markets

Buyers purchased above market value in 27 per cent of markets, according to RealtyTrac, as conditions favoured home owners over house-hunters.

San Francisco, Bay Area of California

Homes above below market value: 108 per cent

Photo: JeffGunn

 

Alameda, Bay Area of California

Homes above below market value: 108 per cent

Photo: JDub1980

 

District of Columbia in Washington, DC

Homes above below market value: 107 per cent

Photo: FabrizioGiordano23

 

Forsyth County, North Carolina

Homes above below market value: 107 per cent

Photo: James Willamor

 

Yolo County, California

Homes above below market value: 107 per cent

Photo: Dr Warner

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