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With housing inventories slim in most parts of the country, many sellers are benefiting from the heightened competition among home shoppers. Home prices are surging, and homes are selling fast.
Forbes.com crunched data from Redfin on sales to list price ratios from May 2020 to May 2021 and on the percentage of homes that went off the market within two weeks to determine the cities with the ultimate seller’s markets in 2021. Here are the seller’s markets that topped its list:
1. Oakland, Calif.
- May 2020 sales-to-list price: 101.2%
- May 2021 sales-to-list price: 110.8% (which means the average sale price in the area is nearly 11% higher than the average list price)
2. Rochester, N.Y.
- May 2020 sales-to-list price: 100.2%
- May 2021 sales-to-list price: 109.7%
3. Austin, Texas
- May 2020 sales-to-list price: 98.9%
- May 2021 sales-to-list price: 108.9%
4. San Jose, Calif.
- May 2020 sales-to-list price: 100.3%
- May 2021 sales-to-list price: 107.8%
5. San Francisco
- May 2020 sales-to-list price: 101.4%
- May 2021 sales-to-list price: 108.4%
6. Seattle
- May 2020 sales-to-list price: 100.4%
- May 2021 sales-to-list price: 107.7%
7. Buffalo, N.Y.
- May 2020 sales-to-list price: 99.9%
- May 2021 sales-to-list price: 106.7%
View the full list and read more about each of the “ultimate seller’s markets” for 2021 at Forbes.com.