Thursday, 22 December 2011

10 best cities for home sellers

10 best cities for home sellers

By Jeanine Skowronski of MainStreet

Great expectations

The housing market remains bleak, but new numbers from housing site Zillow.com indicate that some sellers are getting pretty close to their asking price. The site aggregated pricing information on its database from more than 100 million properties nationwide to see which cities had the highest median sale to list price ratio — a fancy way of saying what the property actually sold for versus the homeowner's asking price.
The statistics don't exactly illustrate that the housing markets on the list are robust. In fact, many of the cities on the list are in some of the states with the most foreclosures, indicating that perhaps homeowners are just getting more realistic about their asking price. However, the data do point to cities where properties are now netting close to what the owner was expecting when he put it up for sale. And in this housing climate, that's as close to a win as a seller can get.
Find out if you live in an area where your property will sell for what you ask.
NOTE: Current home values are based on the Zillow Home Value Index, which measures the median value of all homes in an area.

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