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November 22, 2014

5 Best Markets for Home Sellers

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5 Best Markets for Home Sellers

Spring buying season is just around the corner, and sellers have gained an advantage in more markets across the country this year. With less competition from falling inventories, list prices have risen in many areas. Realtor.com recently identified the five best places to sell in 2013: 

  1. Sacramento, Calif.: Inventories have declined here by 67.20 percent in January year-over-year while median prices have increased 40.2 percent. 
  2. San Jose, Calif.: Median prices have risen nearly 25 percent year-over-year, and it ranks fourth in the inventory for tightest inventory. A strong economy is giving a boost to rents and home prices. 
  3. San Francisco: Inventory shortages have created a seller’s market here with list prices rising more than 20 percent in the last year. 
  4. Phoenix-Mesa, Ariz.: List prices have risen 23.59 percent year-over-year, while inventories have fallen nearly 16 percent. 
  5. Washington, D.C.: List prices have increased about 16 percent in the past year, while inventories have fallen 30.77 percent. Washington, D.C. is one of the country’s priciest markets with a median price of $429,000. 

Source: “Asheville, NC Tops Best Places To Buy In 2013,” Realtor.com (Feb. 14, 2013)

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