Best Cities For Home Sellers
“…Seattle has experienced similar construction rate cuts. The city went through its own bust in 2002 and 2003, as the result of mass overbuilding. Since homes take a few years to finish, when construction rates plummet, as they did in Seattle from 2003-2005, it takes years before those adjustments are felt. By 2006, Seattle had the lowest vacancy rate in the country, and wasn’t as prone to the price adjustments felt elsewhere, making it our 10th best sellers market today.
While job growth, new construction and vacancy rates and access to credit are important barometers, the bottom line is this: When there are more buyers chasing property than sellers looking to unload, that means a relatively quicker sale, which in this market is the best that can be expected, even if it’s a small or flat price gain.” - Matt Woolsey, Forbes.com
For the full story read Best Cities For Home Sellers -Forbes.com
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