Top 10 Seller’s Markets

cindykelly Uncategorized Leave a Comment

4-7-2014 9-05-42 AM

 

Zillow just published two interesting maps showing the Top 10 Sellers’ Markets. Note that the Seattle metro market is number five in the country. In this analysis, a sellers’ market is not necessarily one where home values are rising, but rather one in which homes are on the market for a shorter time, price cuts occur less frequently and homes are sold at prices very close to (or greater than) their last listing price. In buyers’ markets, homes for sale stay on the market longer, price cuts occur more frequently and homes are sold for less, relative to their listing price.

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