Home Prices Stabilizing in Key Markets — New York Real Estate

Home Prices Stabilizing in Key Markets

by Raja Tayeb on October 27, 2010

Home Prices Stabilizing

ZipRealty says in its third quarter report that homes in key markets all over the country are selling above the asking price.

The report shows that the spread between the sales-to-list price ratio lessened significantly in most markets, but high-end housing markets in many areas continued to offer great bargains for buyers.

The 10 hottest ZIP codes in the ZipRealty markets where the selling prices was greater than the asking price were:

1. Greater Grand Crossing – Chicago, Ill. (60619)

2. Oakland, Calif. (94603)

3. The Loop – Chicago, Ill. (60603)

4. Excelsior – San Francisco, Calif. (94112)

5. Fort Lauderdale, Fla. (33309)

6. San Bernardino, Calif. (92411)

7. Oakland, Calif. (94621)

8. Covington, Wash. (98042)

9. Berkeley, Calif. (94702)

10. North Las Vegas, Nev. (89030).

The coldest ZIPs, where selling prices were below asking, were:

1. Statesville, N.C. (28677)

2. Singer Island, Fla. (33404)

3. Philadelphia, Pa. (19140)

4. Boca Raton, Fla. (33434)

5. Jacksonville, Fla. (32206)

6. Chester, Pa. (19013)

7. Naples, Fla. (34102)

8. Palm Beach, Fla. (33480)

9. Reading, Pa. (19602)

10. Durham, N.C. (27703)

Source: ZipRealty (10/22/2010)

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