IT’s Time TO BUY Home

It continues to be a sellers in Real Estate ‘ market in many areas of the country,

are fully developed but that doesn't mean buyers everywhere are out of luck.

The top housing markets for buyers are Philadelphia, Chicago and Cleveland,

according to a report from Zillow. In these markets, inventory tends to be strong

and homes stay on the market longer and often experience price cuts, which

gives buyers more bargaining power.

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Tool: Was my home a good investment?

Tight inventory throughout the country helped push home prices up 4.5% in

January from the year prior, according to the S&P/Case-Shiller U.S. National

Home Price Index.

But homes in the top 10 buyers' markets are selling for nearly 4% less than the list

price on average, according to the Zillow report. In sellers' markets, buyers get an

average discount of less than 1%.

On average, homes in the top sellers' markets sell nearly 43 days faster than

homes in the top buyers' markets, according to Zillow.

To determine the rankings, Zillow analyzed sale-to-list price ratios, the number of

price reductions and days on market in metro areas across the U.S.

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"Where the sale-to-list price ratio is low and discounts are high, many listings go

through formal price cuts and it generally take longer to sell homes," Olsen said.

Olsen said that many of the buyers' market cities have had a slowdown in growth,

and didn't experience the tech and energy job booms. "Top buyers markets were

generally in areas that were once founded on manufacturing jobs, which have

slowed and not returned in earnest."http://goo.gl/XlAHLm

THANK YOU

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