Three of the cities are in Florida.
Housing markets in the eastern part of the US continue to lag those out west. Data released Tuesday by the brokerage firm Zillow showed that nine of the 10 US markets most controlled by buyers were located east of the Mississippi River. Three of the markets are in Florida.
Zillow's chief economist, Dr. Svenja Gudell, said in a statement accompanying the data that "a number of markets nationwide continue to struggle with slower job growth, weaker home value appreciation and higher rates of negative equity, giving buyers more negotiating power."
Here's a look at the 10 US housing markets most controlled by buyers, based on how long houses stay on the market and the percentage of houses with price cuts.
10. Washington, DC
Days homes are listed on Zillow: 84
Percent of listings with price cut: 11.3%
Source: Zillow
9. Orlando, Florida
Days homes are listed on Zillow: 89
Percent of listings with price cut: 10.6%
Source: Zillow
8. Tampa, Florida
Days homes are listed on Zillow: 83
Percent of listings with price cut: 13.3%
Source: Zillow
7. Detroit
Days homes are listed on Zillow: 87
Percent of listings with price cut: 11.6%
Source: Zillow
6. Indianapolis
Days homes are listed on Zillow: 88
Percent of listings with price cut: 11.4%
Source: Zillow
5. Houston
Days homes are listed on Zillow: 94
Percent of listings with price cut: 10.9%
Source: Zillow
4. Chicago
Days homes are listed on Zillow: 105
Percent of listings with price cut: 10.6%
Source: Zillow
3. Philadelphia
Days homes are listed on Zillow: 101
Percent of listings with price cut: 13.3%
Source: Zillow
2. Miami
Days homes are listed on Zillow: 108
Percent of listings with price cut: 11.5%
Source: Zillow
1. Baltimore
Days homes are listed on Zillow: 104
Percent of listings with price cut: 12.7%
Source: Zillow
NOW CHECK OUT:
Homes in these 10 markets are selling like hotcakes
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