Report Reveals Top 10 Markets for Home Sellers
By Natalie Wise
The West Coast is a paradise – especially if you’re looking to sell a house. According to a new report, many of the top 10 seller’s markets across the country are in the West.
Zillow analyzed data determining how long homes stay on the market, how often the prices are lowered and the difference in asking price versus selling price. The largest 35 metros across the country were scored on a scale of one to 10, with high scores being markets amenable to buyers and low scores being amenable to sellers.
The best real estate market for selling quickly is San Jose, the first of many California metros on the list. San Jose has a low score of 0.03, barely registering on the scale. San Francisco is next on the list, No. 2 with a score of 0.05, with houses averaging only 50 days on the market before selling.
San Antonio ranks No. 3, with a score of 0.57 and an average of 88 days on the market.
Los Angeles, which earned a score of 0.60, remains a hot real estate market at No. 4.
The No. 5 city is in the Northwest: Seattle, with a score of 0.65. Only 29 percent of homes on the market there have endured a price cut.
No. 6 is Riverside, Calif., which earned a score of 0.74, has just over 29 percent of homes on the market had received a price reduction.
Denver is the No. 6 city featuring a market that appeals to sellers, and a score of 0.79. Washington, D.C., comes in at No. 7 as the only East Coast city to make the list with a score of 0.82. And No. 9 is Sacramento, Calif., with a score of 0.84.
The Southern metro of Dallas-Fort Worth is No. 2 with a score of 0.87.
Other California cities also featured low scores amenable to those looking to sell a home. Vallejo-Fairfield has a low score of 0.08, and Bakersfield, conveniently located between Fresno and Los Angeles, with a score of 1.47.