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5 Real Estate Markets Offering the Most Business

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5 Real Estate Markets Offering the Most Business

Daily Real Estate News | Monday, August 29, 2011

Which markets are offering the most favorable conditions for real estate professionals? Inman News recently analyzed total sales, median sales price, real estate licensee data, and REALTOR® membership counts in metro areas across the country for its latest report,"Top Markets for Real Estate Agents." 

The report shows that not all real estate professionals are seeing shrinking sales and incomes. Seven out of the 10 markets on the list had median sales prices rise year-over-year in May 2011. 

Here are the 5 market leaders that made Inman’s list for “Top Markets for Real Estate Agents.”  

1. Seattle

Sales per REALTOR® (June 2010-May 2011): 5.1

Average total dollar volume in sales per REALTOR® (June 2010-May 2011): $1.54 million

Median sales price (May 2011): $290,000

 

2. Fort Worth-Arlington, Texas

Sales per REALTOR®: 8.3

Average total dollar volume in sales per REALTOR®: $1.17 million

Median sales price: $144,032

 

3. Denver-Aurora-Broomfield, Colo.

Sales per REALTOR®: 4.4

Average total dollar volume in sales per REALTOR®: $914,207

Median sales price: $216,000

 

4. Salt Lake City

Sales per REALTOR®: 3.5

Average total dollar volume in sales per REALTOR®: $725,483

Median sales price: $196,879

 

5. San Antonio-New Braunfels, Texas

Sales per REALTOR®: 4.3

Average total dollar volume in sales per REALTOR®: $675,833

Median sales price: $158,163

 

Learn more about the report and read what other cities made the list. 

Source: “10 Hotspots for Real Estate Professionals,” Inman News (Aug. 26, 2011)