7 Most Buyer-Friendly Housing Markets of Fall 2024

Many prospective homebuyers have been sitting on the sidelines, patiently waiting for mortgage rates to drop. The issue with this tactic is that once they do — if they do — buyers will flood the market, driving up competition and prices. The smarter tactic is being savvy about where you choose to buy, as some markets are more buyer-friendly than others.

To find the most buyer-friendly housing markets for this fall, Zoocasa analyzed sales and new listings for September 2024 in 50 major cities. This data was used to determine the sales-to-new-listings ratio (SNLR), calculated by dividing the total sales number by the number of new listings in each city.

An SNLR under 40% suggests a buyer’s market, an SNLR between 40% and 60% suggests a balanced market and an SNLR over 60% suggests a seller’s market. Based on these parameters, here’s a look at the most buyer-friendly housing markets of fall 2024.

• Sales-to-new listings ratio: 37%

• Sales-to-new listings ratio: 40%

• Sales-to-new listings ratio: 44%

• Sales-to-new listings ratio: 45%

• Sales-to-new listings ratio: 48%

• Sales-to-new listings ratio: 50%

• Sales-to-new listings ratio: 50%

Data is sourced from Zoocasa’s ranking of The Hottest Buyers’ and Sellers’ Markets for Fall 2024.