5 best markets to sell a home

In these metro areas, housing prices are rising, and homes with a 'for sale' sign are getting snatched up in no time, according to Realtor.com.

Oakland, Calif.
best sellers market oakland
Median listing price: $419,000
Average days on market: 14

When homes are put up for sale in Oakland, they don't last long. In February, houses were on the market for an average of just two weeks before they were sold, according to Realtor.com.

As a result, they often attract multiple offers and sell for more than the asking price, according to Leslie Appleton-Young, chief economist for the California Association of Realtors.

Related: 10 great foreclosure deals

The housing supply is tight, thanks to real estate investors who make up about 20% of Oakland's market. These days, most investors keep the homes and rent them out, rather than fixing them up and trying to resell like they used to. "Investors don't flip anymore," Appleton-Young said.

Despite the competition for homes, prices are still down more than a third from their mid-2006 peak.


Source: Realtor.com
Realtor.com bases its rankings on median listings prices, supplies of homes for sale, and days to sell new listing. Housing markets include the entire metro areas.
  @CNNMoney - Last updated March 14 2013 06:22 AM ET
Join the Conversation
Top 10 cities people are moving to

Whether it's the warm weather, jobs or cheap cost of living, these are the top 10 cities Americans are moving to, according Penske Truck Rental's annual list.

Real Estate Calculator
recalchome

Was my home a good investment?

Find out now
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.32%4.26%
15 yr fixed3.36%3.27%
5/1 ARM3.37%3.27%
30 yr refi4.31%4.24%
15 yr refi3.34%3.25%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.