Where are the best places to sell a house? Simple. Where prices have risen the most. SmartAsset is out today with its 2018 look at where those places are.
Americans sold 612,000 homes in 2017 and 44,000 in January 2018, according to data from the Census Bureau. For most home sellers, selling your home at a profit is likely one of your goals. Location is a big factor in this, as some housing markets favor sellers while others are more favorable to buyers. Below SmartAsset looks at the best cities to sell a house.
In order to rank the best places to sell a house, we looked at data on four factors. Specifically we looked at change in home values, average days on the market, percent of homes sold for a loss and the number of real estate offices per 1,000 residents. Check out our data and methodology below to see where we got our data and how we put together the study to create our rankings.
This is the 2018 version of this study. Check out the 2017 version here.
- California dominates – Seven of the top 10 cities are located in California. The state has seen home values climb in recent years, meaning many sellers are making a profit on selling their homes. Most California homeowners sold their homes relatively quickly as well. In Fremont, for example, the average home is on the market for only 12 days, according to our data.
- Virginia cities score poorly – Virginia cities like Chesapeake, Newport News, Virginia Beach and Norfolk all scored in the bottom 10. Homes here sat on the market for a while and our data shows that large chunks of homes ended up being sold for a loss.