The real estate market is definitely heating up in many cities throughout the U.S. as well in many areas of St. Louis. A decreasing inventory of homes for sale, and even a shortage of homes for sale in many areas, along with increased confidence from consumers in the real estate market, has driven many cities from a “buyers market” to a “sellers market”. Zillow released a list of the top 10 cities that are becoming sellers markets based upon the sales to list price ratio and time to sell and MORE, REALTORS1, released their list of the top 10 cities 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 the time of this writing…the MORE list is real time so it will change with the market). St. Louis, as a whole, did not make the list, but we have neighborhoods and areas here that are definitely a sellers market and, in fact, have a market action index higher than the top cities on the list. If you are thinking of selling, and want to know if you home is in a sellers market, click here and I’ll let you know.
The Zillow List of Ten Best Cities for Home Sellers:
- San Francisco
- San Diego
- Sacramento
- Las Vegas
- Los Angeles
- Orange County
- Denver
- Tucson
- Portland
- 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.
Market Action Index® is a registered trademark of Altos Research
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