ZipRealty is projecting the top 10 best cities for home sellers in 2014, based on housing market trends in 24 metro areas nationwide.
"The real estate markets in the western region soared compared to the rest of the country in 2013, based on data we compiled over the past year in our Housing Trends Report," said Lanny Baker, CEO of ZipRealty. "While we expect these metros to outperform once again this year, it should be at a more measured pace."
ZipRealty ranked the top 10 metros based on three evenly weighted housing metrics – median sales prices, median days on market and total housing inventory per capita.
Using nationwide housing market data compiled by the National Association of Realtors for 2013, they considered the following:
- Median home sales prices increased 11.5% on average over 2012.
- Homes stayed on the market for an average of 35 days.
- 6.6 homes on average were available per 1,000 people.
Based on this criteria, here are the first five best markets for home sellers.
The city of broad shoulders weighs in at No. 10.
9) Washington, D.C.
Growth of the company is good for the company town.
One of two entries from the Lone Star State – Houston is always on the grow.
Click below for numbers 4 to 7.
Dallas had one of the smoothest rides through the real estate crash and its price appreciation is pretty solid.
6) Los Angeles
Ok, but look at the numbers and caveat emptor.
5) Orange County
Same as Los Angeles, but there is a little more strength to the numbers.
4) Las Vegas
Rebound is driving the price appreciation.
Click below for the top three.
And the winners are…
3) San Diego
- Median home prices increased 20% on average in 2013 over 2012.
- Homes stayed on the market for an average of 24 days.
- 1.9 homes on average were available per 1,000 people.
- Median home sales prices increased 32% on average over 2012.
- Homes stayed on the market for an average of 15 days.
- 3.3 homes on average were available per 1,000 people.
And the winner is…
1) San Francisco Bay Area
- Median home sales prices increased nearly 35% on average over 2012.
- Homes stayed on the market for an average of 19 days.
- 1.1 homes on average were available per 1,000 people.