Chicago, Milwaukee Top List of Top 10 Real Estate Buyers' Markets - ABC News
Along with publishing a list of the top ten buyers' markets, online real estate marketplace Zillow published a list of the top ten sellers' markets, with San Jose, Calif., and San Francisco topping the list.
To rank the 50 largest metropolitan areas by negotiating power for sellers and buyers, Zillow analyzed its data for sale-to-list price ratio, number of days listed on Zillow, and percent of homes on the market with a price cut.
Zillow defined a buyers' market as an area where buyers have more bargaining power, with listings lingering longer on the market and "sellers being forced to cut asking prices."
Zillow Chief Economist Stan Humphries said it was "refreshing to see some markets swinging back in favor of sellers, with asking prices being met and listings spending fewer days on market."
"The housing recession has been long and rocky, and we're seeing more balance during this summer selling season," Humphries said in a statement. "Of course, many markets are still firmly in favor of buyers, and we expect that to continue until the recovery takes more of a hold nationwide."
• Homes with price cuts: 39.7 percent
• Average days on Zillow: 161.5
• Zillow median home value: $165,800
When you are seriously looking or just browsing at real estate in Wisconsin, I am a great resource to help you with all your needs and questions, whether a first time home buyer, relocating to or from the beautiful LAKE COUNTRY area, looking to invest or explore foreclosure opportunities or just thinking ahead to the future.
Great municipalities in Milwaukee County including Milwaukee, South Milwaukee, Wauwatosa, Hales Corners, Greenfield, Glendale, Franklin, Bayside, Brown Deer, Cudahy, Fox Point, Greendale, Shorewood, Oak Creek, St. Francis, West Allis and Whitefish Bay.
The hometown favorites of Washington County, Jefferson County and Dodge County including Watertown, Hartford, West Bend, Germantown, Jackson, Richfield, Ashippun, Lake Mills, Jefferson, Johnson Creek, Slinger and Erin.
Real Estate in Wisconsin is an excellent investment!