As the housing market recovers—much to the relief of those of us who depend on that recovery—there are obvious shifts occurring throughout the country showing where the top sellers’ markets are. According to Realtor.com’s most recently published data, there are five particular cities demonstrating a quicker turnover of inventory through low median time on the market, along with listing prices that are increasing at a favorable rate for sellers.
Here are the top five:
#5 – Seattle, WA
On average, homes that are listed within the Seattle area are on the market for less than a month before they are purchased. Additionally, the median listing price currently rests at $379,950, which is a 19% increase from the median listing price shown last year.
#4 – Denver, CO
On average, if you list a home in the mile-high city, you can expect for it to be on the market for an average of 29 days. This is 42% lower than the average shown last year. Added to this is the median listing price of $282,000, which is a 4.48% increase from last year. While the increase might not seem to be substantial, it’s the median price that still puts Denver in a leading position for best places in the country to sell a home right now
#3 – San Francisco, CA
The San Francisco Bay area has a median of 28 days for houses remaining on the market before they are sold. Additionally, the median selling price is $819,900, which is significant within itself, but also up 20% from last year.
#2 – San Jose, CA
We all know that Silicon Valley can’t stay down for long. Houses remain on the market for a median of 27 days there and the median price for a home is $675,000, up 35% from last year’s numbers.
#1 – Oakland, CA
At the number one spot is Oakland, California, where homes spend an average of 15 days on the market before they are sold. And when they are sold, they go for a median price of $484,900, which is up 47% from last year.
© 2023 Choice Mortgage Group. All Rights Reserved. Web Managed by IWD Marketing