Don’t get too excited…but Forbes Magazine just this week posted the top 10 cities (of the 40 largest) to be a seller in based on a variety of factors. Yes…Seattle did make the list. I wouldn’t dig too deep into the report though as it still is a much better market to be a buyer in than a seller.

However, it does point out one imporant fact…compared to most of the national market and local economies…we here in the Puget Sound are still holding fairly well. Many new jobs and growing companies continue to help our region thrive in the difficult market.

Here are the top 10 cities to be a seller in according to Forbes Magazine:


San Jose, Calif. Because of a tough regulatory environment, new home construction dropped 63 percent last year.

San Francisco.
When the conforming loan limit recently jumped from $417,000 to the
maximum $729,750, that made credit much easier to get for many of the
city’s homebuyers.

Salt Lake City.
The 3 percent annual job growth rate, paired with a declining inventory
of existing homes and one of the nation’s sharpest declines in
construction made this market a good one for sellers.


Austin, Texas. Texas is very affordable, plus the city has the nation’s fastest job growth at 4.1 percent.

Kansas City, Mo. The number of unsold, vacant houses dropped by 40 percent last year.


San Antonio, Texas. Jobs are growing by 3 percent and construction starts have dropped by 42 percent.

Denver. The 49 percent drop in construction starts paired with the 2 percent rise in new jobs are good news for sellers.

Providence, R.I. Vacancy rates at 1.6 percent combined with a 42 percent cut in inventory help sellers.

Charlotte, N.C. Moderate prices and strong job growth bode well for sellers.

Seattle, Wash. Strong job growth and a 42 percent decrease in new home construction are good news for sellers.

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This entry was posted on Thursday, April 10th, 2008 at 5:54 am and is filed under Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.