Is Your Real Estate Market Hot? Depends if You’re Buying or Selling

By Heather Taylor2 Comments

The lists of the nation’s current top real estate buyers’ and sellers’ markets each have geographical themes,  according to real estate listing and research website Zillow.com’s new report.

As you will see from the list below, the overall national trend points to sellers’ markets mainly in West Coast locales.
Top 10 Sellers’ Markets
1. San Jose
2. San Francisco
3. San Antonio
4. Los Angeles
5. Seattle
6. Riverside
7. Denver
8. Washington, D.C.
9. Sacramento
10. Dallas-Fort Worth

Meanwhile, the buyers’ market list seems to be more crowded with cities located east of the Mississippi River.
Top  10 Buyers’ Markets
1. Cleveland
2. Philadelphia
3. Tampa
4. Chicago
5. Pittsburgh
6. Cincinnati
7. New York
8. Detroit
9. Baltimore
10. St. Louis

If you’re wondering what factors go into creating these lists, it’s a combination of sale-to-list price ratio, the percent of homes that have been subject to a price cut, and the time-on-market (measured as days on Zillow).

Does your market appear on one of these lists? Do you think these lists got it right, based on your personal real estate investing experience? Let us know what you think in the comments section.