The housing market is all over the place this year. While in some markets houses are selling for more than 100% of the asking price, other houses are being sold for less than 80% of the asking price. It’s a mixed market that depends heavily on the local environment. As a result, RealtyTrac decided to identify the nation's hottest seller’s markets and the best buyer’s markets.
“Nationwide in April, single-family homes and condos sold for almost exactly 100% of their estimated full market value on average — indicating a good balance between supply from sellers and demand from buyers,” said Daren Blomquist, vice president at RealtyTrac.
“At the local level, however, most markets tipped in favor of either sellers or buyers — although there were some Goldilocks markets exhibiting a ‘just right’ balance between buyers and sellers,” he continued.
Top 10 seller markets:
On the seller's side, out of 315 counties nationwide with a population of at least 100,000 and at least 100 sales in April, there were 85 (27%) where homes on average sold for at least 10% of their estimated full market value.
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Source: RealtyTrac
Top 10 buyer markets:
Out of 315 counties nationwide with a population of at least 100,000 and at least 100 sales in April, there were 186 (59%) where homes on average sold for less than 100% of their estimated full market value.
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Source: RealtyTrac
