Report: Cape Coral tops list of buyer's markets in nation

Two areas along the Florida's Gulf Coast are among the top 10 buyer’s markets in the United States, according to a March report from home improvement site Fixr.com. Cape Coral-Fort Myers is No. 1 on the list, while North Port-Sarasota-Bradenton is No. 8 for those buying real estate.

A buyer’s market is characterized by more inventory than there are buyers. Because there is less competition with more properties on the market, sellers frequently lower prices. There tends to be more time on the market for homes in a buyer’s market.

To compile its list of the top buyer’s markets, Fixr.com used data from Zillow, which compared the for-sale demand and supply as of early January.