Seattle Bubble

Good news everyone! Seattle is at the top of another one of Forbes’ famous lists!

Hardest And Easiest Places To Sell A Home

As the dismal U.S. housing market slides further downhill—home prices in July posted a 16.3% annual drop—some sellers are unloading their homes to bargain-hunters.

But in cities like Seattle, Jacksonville, Fla., and St. Louis—the hardest major cities in which to sell a home—even sellers who have substantially lowered their prices aren’t finding it easy to move their houses.

Here’s the specific entry for #1 ranked Seattle. Here’s the whole list of Forbes’ hardest places to sell a home:

1. Seattle, WA
2. St. Louis, MO
3. Jacksonville, FL
4. Atlanta, GA
5. Manhattan, NY (Condos)
6. Charlotte, NC
7. Columbus, OH
8. Chicago, IL
9. Detroit, MI
10. Cleveland, OH
11. Miami, FL
12. Boston, MA
13. Tampa, FL
14. Milwaukee, WI
15. New York, NY
16. Denver, CO
17. San Jose, CA
18. Minneapolis, MN

The list is based on a single statistic, the total YOY drop in home sales for each city as of July, according to the latest report from Radar Logic (pdf). Seattle comes in with a 43.7% drop in home sales, with #2-ranked St. Louis showing a 36.1% drop.

(Francesca Levy, Forbes, 10.02.2008)