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Now that Spring has finally sprung, the process of shopping for a new home or selling a current home can be the foremost item on the agenda of a great many Americans!
The unfortunate fact is, however, that not all housing markets around the country are growing and thriving at the same pace. This is similar to the way in which the financial crisis a few years ago hit some areas much harder than it hit others.
With that in mind Trulia has put together lists of the Top 10 Fastest-Moving Housing Markets and the Bottom 10 of the Slowest-Moving Housing Markets.
What does a Metro area being on one of these lists mean for prospective buyers and sellers?
Although those who already active in the market likely are aware of these statistics, it provides others who may not be an idea of how aggressive they may need to be in a fast-moving market when making an offer or on the flip-side conservative in a slow-moving market.
The same type of thinking would also go for sellers in terms of how accommodating they need to be when receiving an offer.
These are the lists of the Top 10 and the Bottom 10 Fastest and Slowest-Moving Housing Markets in the USA!
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America’s Top 10 Fastest-Moving Housing Markets |
|||||
| # | U.S. Metro |
Share of homes still for sale after being listed for at least two months, mid-April 2014 |
Share of homes still for sale after being listed for at least two months, mid-April 2013 |
Difference in share still for sale, 2014 vs 2013 |
Asking prices, Y-o-Y % Change, March 2014 |
| 1 | Oakland, CA |
29% |
31% |
-2% |
22.7% |
| 2 | San Jose, CA |
31% |
35% |
-4% |
13.4% |
| 3 | San Francisco, CA |
32% |
36% |
-4% |
15.1% |
| 4 | Denver, CO |
38% |
47% |
-8% |
9.6% |
| 5 | San Diego, CA |
41% |
45% |
-4% |
14.0% |
| 6 | Seattle, WA |
43% |
49% |
-6% |
11.2% |
| 7 | Los Angeles, CA |
44% |
40% |
4% |
17.0% |
| 8 | Orange County, CA |
45% |
38% |
6% |
14.9% |
| 9 | Sacramento, CA |
45% |
41% |
4% |
22.2% |
| 10 | Middlesex County, MA |
46% |
52% |
-6% |
7.3% |
|
America’s Top 10 Slowest-Moving Housing Markets |
|||||
| # | U.S. Metro |
Share of homes still for sale after being listed for at least two months, mid-April 2014 |
Share of homes still for sale after being listed for at least two months, mid-April 2013 |
Difference in share still for sale, 2014 vs 2013 |
Asking prices, Y-o-Y % Change, March 2014 |
| 1 | Richmond, VA |
72% |
61% |
11% |
3.6% |
| 2 | Hartford, CT |
71% |
67% |
4% |
-1.2% |
| 3 | Albany, NY |
70% |
70% |
0% |
-1.5% |
| 4 | New Haven, CT |
70% |
68% |
3% |
-0.3% |
| 5 | Long Island, NY |
70% |
68% |
2% |
4.8% |
| 6 | Knoxville, TN |
68% |
64% |
4% |
6.2% |
| 7 | Springfield, MA |
67% |
66% |
1% |
3.0% |
| 8 | Columbia, SC |
67% |
67% |
0% |
8.0% |
| 9 | Birmingham, AL |
66% |
67% |
0% |
16.7% |
| 10 | Greenville, SC |
66% |
66% |
0% |
6.1% |
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