With ongoing economic uncertainty and higher mortgage rates, many sellers are left wondering if the prime time to list their homes has passed. Realtor.com has recently identified the top 10 cities where sellers still have more of an advantage. To come up with the list, the data team focused on metropolitan markets where homes are selling faster than in most of the country and where price per square foot has risen the most annually.
Here are the top 10 seller’s markets:
1. Davenport, IA
February median list price: $208,700
Year-over-year increase in price per square foot: +38.4%
2. Montgomery, AL
February median list price: $301,165
Year-over-year increase in price per square foot: +26.5%
3. Wichita, KS
February median list price: $319,995
Year-over-year increase in price per square foot: +19.8%
4. Tulsa, OK
February median list price: $354,262
Year-over-year increase in price per square foot: +18.5%
5. Youngstown, OH
February median list price: $151,575
Year-over-year increase in price per square foot: +18.1%
6. Minneapolis, MN
February median list price: $434,950
Year-over-year increase in price per square foot: +17.1%
7. McAllen, TX
February median list price: $283,000
Year-over-year increase in price per square foot: +16.4%
8. Harrisburg, PA
February median list price: $322,400
Year-over-year increase in price per square foot: +16.1%
9. Little Rock, AR
February median list price: $304,245
Year-over-year increase in price per square foot: +15.9%
10. Knoxville, TN
February median list price: $457,116
Year-over-year increase in price per square foot: +13.0%
To view the full report, click here.