Seattle No. 10 on Zip’s top markets for sellers
ZipRealty, a real estate brokerage company, is finding more housing markets starting to tilt in sellers’ favor.
For the average home in the U.S., the gap between the listing price and closing price is narrowing with sellers able to get more than 98 percent of their home’s listing price back. Also, the median days a home is spending on the market also is falling, dropping to 44 days nationwide in 2012 – a 23 percent decline from 2011, according to ZipRealty’s report.
“A limited inventory of homes on the market, combined with the extremely low cost of mortgage financing, has resulted in homes selling above asking price in many western markets, boosting the average listing to closing price ratio,” said Lanny Baker, ZipRealty’s CEO and president.
ZipRealty has identified the following 10 best housing markets for sellers, based on the list-to-close price ratios:
1. San Francisco (102.5)
2. San Diego (101.3)
3. Sacramento, Calif. (100.9)
4. Las Vegas (100.7)
5. Los Angeles (100)
6. Orange County, Calif. (100)
7. Denver (99.8)
8. Tucscon, Ariz. (99.3)
9. Portland (98.9)
10. Seattle (98.3)