Based on recent sales data, Zillow has determined the top 10 markets where sellers have the power in real estate transactions and the 10 cities where buyers have the control. The top 10 seller markets all have homes selling at or near asking price and price cuts are sparse. These markets aren’t necessarily seeing rising home prices (though the local Round Rock/Austin market is!), but homes are selling steadily, quickly and for list price. The buyers markets, meanwhile, have homes that are taking longer to sell and eventually sell for an average of 5% less than asking price. These markets have enough inventory are available and homes sell more slowly so potential buyers have more bargaining power.
“It’s refreshing to see some markets swinging back in favor of sellers, with asking prices being met and listings spending fewer days on market,” said Zillow Chief Economist Stan Humphries. “The housing recession has been long and rocky, and we’re seeing more balance during this summer selling season. Of course, many markets are still firmly in favor of buyers, and we expect that to continue until the recovery takes more of a hold nationwide.”
Here’s the full list of Top 10 Seller’s Markets and Buyer’s Markets in the US.
If you'd like to learn more about our current market statistics or receive data about a particular area of town, please contact Robert at 512.791.0229 or via email at Robert@RobertJFischer.com.
Source: Zillow.com
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Robert J Fischer, Realtor
Keller Williams Realty
512.791.0229 mobile
512.531.2888 office
www.RobertJFischer.com
Robert@RobertJFischer.com
“Real Estate with a Servant’s Heart”
The Robert J Fischer Team – Finalist of the Austin Business Journal Top Agent award. Named by Keller Williams Realty as the #1 Realtor in the Round Rock (Austin) Texas area at its local 300 agent office, #1 in Listings Sold, #1 in Volume Sold and #2 in Units Sold for 2010 and 2011.