Top 10 Recovering Markets
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Jobs are everything creating demand for real estate. Period. Then add to that the supply and demand for real estate, and most questions are answered regarding value changes and price trajectory. That said, national median list prices of homes for sale increased 2.54 percent in the prior 12 months as of Q3 2012.
The following cities top out an index of the top 10 turnaround cities based on increase in median list price, employment rates and inventory available for sale. Note that 70 percent are located in California.
- Oakland, Calif.
- Sacramento, Calif.
- San Jose, Calif.
- San Francisco
- Seattle-Bellevue-Everett, Wash.
- Bakersfield, Calif.
- Santa Barbara-Santa Maria-Lompoc, Calif.
- Phoenix-Mesa, Ariz.
- Fresno, Calif.
Click here for greater resolution on these data.
Go to Realtor.com for great details and information on 146 markets in the country.