Phoenix Is Number 1 - Biggest Price Cuts Then Tampa, Denver, Austin, Jacksonville

[Ken M.]

Top five buyer-friendly housing markets offer price cuts and increased inventory

Phoenix leads the pack with over 31% of listings showing price cuts as national housing inventory reaches a five-year high

According to Realtor.com, these are five of the ten most "buyer-friendly" areas:

Phoenix, Arizona

The number of active listings in Phoenix posted a 23.1% year-over-year jump last month.

Tampa, Florida

Roughly 29.9% of its listings in May had experienced a price cut

Denver, Colorado

The proportion of up-for-sale homes that have undergone price cuts came in at 29.4%.

Austin, Texas

In May, according to the report. Realtor.com found 29.1% of homes on the market had a discount

Jacksonville, Florida

Roughly 28.8% of homes in the area featured a price reduction.

The other metro areas in the top-10 included Charleston, South Carolina; Salt Lake City, Utah; Dallas, Texas; Palm Bay, Florida; and Portland, Oregon, according to Realtor.com and Prices had been reduced on 19.1% of homes up for sale across the country last month.