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:
- Seattle, WA
- St. Louis, MO
- Jacksonville, FL
- Atlanta, GA
- Manhattan, NY (Condos)
- Charlotte, NC
- Columbus, OH
- Chicago, IL
- Detroit, MI
- Cleveland, OH
- Miami, FL
- Boston, MA
- Tampa, FL
- Milwaukee, WI
- New York, NY
- Denver, CO
- San Jose, CA
- 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)