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Top Ten Cities Where the Real Estate Market is Heating Up

dennis-norman-realtorInvestors are seeing improving real estate markets throughout the country largely driven by a declining, and in many cases a shortage of, inventory of homes for sale.  In fact, for some cities around the U.S. the real estate market is starting to go from a buyers market, where it has been for 5 years or so, to a sellers market.  Zillow just released a list of what they feel are the top 10 cities that are becoming sellers markets (analyzing sale vs list price and time to sell) and MORE, REALTORS1, released a list of their top 10 cities that are becoming sellers markets based upon their Market Action Index®, an index that looks at supply and demand of housing. While there are some differences between the lists, both lists put San Francisco as the number one market for becoming a sellers market (at least at the time I wrote this…MORE’s list is real time so will change as the market changes-see below). The Zillow List of Ten Best Cities for Home Sellers:

  1. San Francisco
  2. San Diego
  3. Sacramento
  4. Las Vegas
  5. Los Angeles
  6. Orange County
  7. Denver
  8. Tucson
  9. Portland
  10. Seattle

The MORE, REALTORS Top Ten List of Cities Becoming Seller’s Markets: (real-time so it will change as the market changes)

 

The MAI goes from 0-60- the lower the number the colder the market. Anything from 0-30 is a buyers market, 30-60 a sellers market.

1In the interest of full disclosure, I am a broker-officer and partner in MORE, REALTORS Market Action Index® is a registered trademark of Altos Research