Thursday, February 14, 2013

Ziprealty: Denver becomes a sellers' real estate market

From Ziprealty's press release: 
ZipRealty, Inc. has released a list of the Top 10 Best Cities for Home Sellers as part of its List Price to Close Price Ratio Report, which is based on MLS data covering 32 U.S. markets. The exclusive study found that the gap between the listing price and closing price of an average home in the United States continues to narrow, with a growing number of sellers able to achieve more than 98% of their home's listing price. In addition, the median days a home spent on the market dropped to 44 nationwide in 2012, a 23% decline from 2011's 57 days
The Top 10 Best Cities for Home Sellers based on ZipRealty's List Price to Close Price RatioReport are: San Francisco, San Diego, Sacramento, Las Vegas, Los Angeles, Orange County, Denver, Tucson, Portland and Seattle. 
Phoenix homes spent 43 days on the market in 2011, versus 25 days in 2012, a 42% decrease. Median days on market in Denver declined similarly from 37 days in 2011 to 22 days in 2012, or by 41%. Homes in Sacramento, San Francisco, Austin, Dallas/Fort Worth, Portland, Washington, D.C., and Orlando rounded out the list of metros with the greatest decreases in days on market.