Top sellers markets for US homes
The collapse of the US housing market has resulted in serious financial hardship for millions of USA real estate owners but recent studies show that for some regions the markets are beginning to move forward.
New data supplied by Zillow outlines the top ten sellers markets where sales activity is relatively buoyant. The top three markets are San Jose, San Francisco and Las Vegas. Some of the top sellers markets are areas where house prices have fallen dramatically in the last few years. Experts suggest that high levels of investment buyers moving into these markets have helped to turn the tide in favour of the residential property owner.
The study is based on a market where listings spend less time on the market and where properties are sold at or close to the asking price. A buyer’s market is dominated by buyers looking for further discounts and where listings languish for longer on the open market.
The top buyer’s markets as recorded by Zillow currently include Chicago, Cleveland, Milwaukee and New York.