Real Estate 2024: These 19 Cities Will Be the Hottest Sellers’ Markets This Summer

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The number of available homes for buyers is now close to the highest it has been in a year, according to a recent report from the National Association of Realtors. However, there are still numerous markets across the country that favor sellers.

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To find the markets with the best conditions for sellers, Zoocasa analyzed market competition across the U.S. by comparing sales and new listings data for April 2024 in 30 cities. This data was then used to determine the sales-to-new-listings ratio (SNLR) for the month, where an SNLR over 60% signals a sellers’ market — an area where demand outpaces supply.

Based on this analysis, these are the hottest sellers’ markets for the summer of 2024.

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1. Indianapolis

• Sales-to-new-listings ratio: 82%

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2. Baltimore

• Sales-to-new-listings ratio: 82%

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3. Phoenix

• Sales-to-new-listings ratio: 78%

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4. Columbus, Ohio

• Sales-to-new-listings ratio: 75%

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5. Tampa, Florida

• Sales-to-new-listings ratio: 74%

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6. San Diego

• Sales-to-new-listings ratio: 72%

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7. Tucson, Arizona

• Sales-to-new-listings ratio: 72%

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8. Richmond, Virginia

• Sales-to-new-listings ratio: 72%

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9. Albuquerque, New Mexico

• Sales-to-new-listings ratio: 72%

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10. San Jose, California

• Sales-to-new-listings ratio: 70%

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11. Louisville, Kentucky

• Sales-to-new-listings ratio: 70%

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12. Charlotte, North Carolina

• Sales-to-new-listings ratio: 69%

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13. Tulsa, Oklahoma

• Sales-to-new-listings ratio: 68%

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14. San Antonio

• Sales-to-new-listings ratio: 67%

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15. St. Louis

• Sales-to-new-listings ratio: 66%

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16. Orlando, Florida

• Sales-to-new-listings ratio: 65%

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17. Dallas

• Sales-to-new-listings ratio: 65%

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18. Denver

• Sales-to-new-listings ratio: 64%

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19. Seattle

• Sales-to-new-listings ratio: 61%

Data is sourced from Zoocasa and is accurate as of June 6, 2024.

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This article originally appeared on GOBankingRates.com: Real Estate 2024: These 19 Cities Will Be the Hottest Sellers’ Markets This Summer