Some people have no trouble selling their homes. That’s most likely because they live in one of the hottest real estate markets in the country. In some metropolitan areas, the average new home will sell in less than 60 days, reports the Credit Union Times.
Says real estate website Trulia, “the share of homes for sale today after being on the market two months ago ranges from less than one third in the San Francisco Bay Area to more than two thirds in several markets in the Northeast and South. The fastest-moving markets are Oakland, San Jose, and San Francisco, where less than one third of homes on the market two months ago were still for sale in mid-April 2014. Fast-moving markets tend to have larger price gains: in eight of the 10 fastest-moving markets, the year-over-year increase in asking prices exceeded the national average of 10%.â€
Here’s a list of the top 10 sizzling real estate markets according to Trulia.com:
- Oakland, CA
- San Jose, CA
- San Francisco, CA
- Denver, CO
- San Diego, CA
- Seattle, WA
- Los Angeles, CA
- Orange County, CA
- Sacramento, CA
- Middlesex County, MA
Read here for a list of the most sluggish markets.