10 Cities with the Best Home Buying Deals This Summer

New data reveals prices are retreating fastest in pandemic-era home buying hotspots.

house key exchange during home buying process
(Image credit: Getty Images)

This spring, home buying season brought a surprising milestone, as annual home list prices went negative for the first time in years. Home prices are actually falling on average across the country, but some buyers are getting more significant relief than others.

Home buying deals hit the most overheated markets

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10 Metros with the Best Home Buying Deals in May
Metro AreaMedian Listing PriceMedian Listing Price per Sq Ft ($)YOY % Change in Price per Sq Ft
1) Boise, ID$609,875$282-7.8%
2) Austin, TX$583,751$276-7.7%
3) Myrtle Beach, SC$366,075$225-7.3%
4) Phoenix, AZ$529,450$274-5.6%
5) Sarasota, FL$549,900$305-4.7%
6) Salt Lake City, UT$635,000$247-4.0%
7) Pittsburgh, PA$238,250$152-3.9%
8) Winston-Salem, NC$345,899$148-3.6%
9) Sacramento, CA$662,875$340-3.4%
10) Chicago, IL$376,000$205-1.1%

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Ben Demers
Audience Engagement Manager, Kiplinger.com

Ben Demers manages digital content and engagement at Kiplinger, informing readers through a range of personal finance articles, e-newsletters, social media, syndicated content, and videos. He is passionate about helping people lead their best lives through sound financial behavior, particularly saving money at home and avoiding scams and identity theft. Ben graduated with an M.P.S. from Georgetown University and a B.A. from Vassar College. He joined Kiplinger in May 2017.