FROM REALTOR.COM:

High interest rates might have put a damper on the typically busy spring home-shopping season, but certain cities are still surprisingly strong seller’s markets.

A seller’s market, in a nutshell, is one where demand (from buyers) is higher than supply (from sellers). And right now, the strongest seller’s market in the U.S. might come as a shock to many: Rochester, NY.

“The areas where sellers are faring the best in today’s market are concentrated in the Northeast and Midwest,” explains Realtor.com economist Hannah Jones, who characterizes these markets as having “relatively high buyer demand, resulting in scarce inventory and a snappy pace of sale.”

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