Cities Experiencing Largest Surge in Homes for Sale in 2023

2023-11-19 12:16:30

Top 10 Cities Experiencing a Surge in Home Listings

The dynamics of the real estate market are ever-changing, with the availability of homes being a key factor. After experiencing a period of scarcity, certain urban areas are now witnessing a significant uptick in the number of homes hitting the market.

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The following list outlines the 10 cities that have seen the most substantial rises in home inventory in 2023. Included are the median listing prices for July of this year, along with the incremental change in available homes compared to the same month last year, as reported by Realtor.com.

1. Des Moines, Iowa

Median Price: £284,213
Increase Rate: 10.1% more homes available

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Des Moines has a tapestry of unique neighborhoods that contribute to its small-town ambiance. Home seekers can explore diverse architectural styles that adorn this city of approximately 200,000 residents.

2. Little Rock, Arkansas

Median Price: £246,428
Increase Rate: 11.5% growth in property listings

The City of Little Rock offers historical charm, scenic nature paths, and a diverse range of housing options. Its urban dwellings cater to a population of around 200,000 people.

3. Augusta, Georgia

Median Price: £234,202
Increase Rate: A substantial 18.2% boost in housing stock

Augusta, renowned among golf enthusiasts for hosting the prestigious Masters Tournament, also has a strong residential appeal with its variety of home designs.

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4. Tulsa, Oklahoma

Median Price: £275,889
Increase Rate: A significant 21.9% surge in market listings

Tulsa, known for its architectural beauty, saw prosperity during the oil boom, leading to a bloom in Art Deco design that's reflected in its housing offerings.

5. Wichita, Kansas

Median Price: £228,005
Increase Rate: An impressive 22.4% rise in available properties

Once a hub for aircraft manufacturing, Wichita maintains its industrial roots while providing an amalgam of residential styles for its 400,000 inhabitants.

6. Omaha, Nebraska

Median Price: £303,231
Increase Rate: A notable 26.4% climb in home listings

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Home to the renowned investor Warren Buffett, Omaha displays a rich assortment of architectural designs across its growing landscape.

7. Memphis, Tennessee

Median Price: £246,428
Increase Rate: A stunning 33.2% jump in inventory

Memphis, with its deep musical heritage and culinary fame, is seeing a resurgence in real estate availability that matches its vibrant culture.

8. New Orleans, Louisiana

Median Price: £257,656
Increase Rate: A remarkable 39.6% expansion in the housing market

New Orleans, famous for its rich history and lively celebrations, now invites a growing audience to explore its diverse district homes and cultural offerings.

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9. El Paso, Texas

Median Price: £231,081
Increase Rate: A whopping 40.9% growth in housing options

El Paso enjoys its distinction as one of America's safest cities and a beacon of artistic and culinary innovation, mirrored in the architectural styles that dot its sunny expanse.

10. Cape Coral, Florida

Median Price: £363,643
Increase Rate: An extraordinary 51.1% influx of properties for sale

Cape Coral, notable for its waterfront living, beckons potential homeowners with its abundant canals and leisure-focused lifestyle, framed by an array of ranch-style homes.

Prospective buyers seeking valuable opportunities should consider cities where home availability is on the rise. However, it may be wise to steer clear of areas where listings have dropped significantly, including cities like Stockton, California, and Phoenix, Arizona.

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Looking for your next home investment? Explore cities with the biggest increases in homes for sale in 2023 and make an informed decision.

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