New York, Miami Tops List of Most Buyer-Friendly Housing Markets

Based on new research by Zillow, prospective homebuyers in Miami and the New York metro area can expect more favorable conditions than those in most other major U.S. housing markets. Zillow's Buyer-Seller Index shows how hot a region's housing market is compared to others by analyzing sale-to-list-price ratios, percentage of listings with a price cut and how long homes stay on the market. Among the nation's 35 largest metro areas, Miami (second coolest), Tampa (seventh) and Orlando (eighth) combine to show buyers in Florida will have an easier home-shopping experience than buyers in most other markets. That's not to say those markets should be thought of as cold. In fact, all three have seen year-over-year home-value growth the same or higher than nation as a whole, and all three are seeing steady demand to go along with good supply.