Another Top 5 for Portland

Houses in Sunnyvale, Calif. are typically on the market for 66 days, making it the fastest-selling real estate market in the country. Sadly, that is more than double what it was a year ago when it was just 31 days on the market.

Buyers are in a "wait and see" state of mind no matter where they live. They know that houses isn't likely to go any where so they are waiting for prices to drop even more. Obviously some places are doing better than others but no area is exempt from the slow housing market. The cities with the strongest economies have a tendency to have the fastest selling markets. Cities like Portland OR, Seattle WA and Salt Lake City UT are examples of these high ranked selling markets.

Austin, Tex. is another high-tech center that comes in second at 68 days. Then San Diego where listings were typically 70 days old which is a dream compared to the 6 months you are looking at in Miami.

Middle-income neighborhoods are getting hit the worst. The tightening of the credit requirements has ended up turning away many would be buyers in the middle-income category. Those selling expensive homes don't have the same problem because the buyers generally have no problem qualifying. First-time home buyers, who are usually in the lower-income category, are finding deals right now so there is less of an issue there too.

The 10 Fastest-Selling Housing Markets in the U.S.

1. Sunnyvale, Calif. 94087
Days on the Market (DOM): 66 days
Median Price: $1.031 million
Annual Asking Price Change: -0.4%
Annual DOM Change: 46.6%

2. Austin, Tex. 78749
Days on the Market (DOM): 68 days
Median Price: $250,693
Annual Asking Price Change: -0.9%
Annual DOM Change: 19.0%

3. San Diego, Calif. 92131
Days on the Market (DOM): 70 days
Median Price: $771,025
Annual Asking Price Change: -9.7%
Annual DOM Change: 14.7%

4. Plano, Tex. 75075
Days on the Market (DOM): 75 days
Median Price: $185,589
Annual Asking Price Change: -2.8%
Annual DOM Change: 9.9%

5. Portland, Ore. 97202
Days on the Market (DOM): 77 days
Median Price: $395,877
Annual Asking Price Change: -1.1%
Annual DOM Change: 27.7%

6. Houston, Tex. 77094
Days on the Market (DOM): 77 days
Median Price: $351,803
Annual Asking Price Change: 6.7%
Annual DOM Change: 13.7%

7. Wakefield, Mass. 01880
Days on the Market (DOM): 79 days
Median Price: $429,485
Annual Asking Price Change: -7.3%
Annual DOM Change: 3.7%

8. Seattle, Wash. 98117
Days on the Market (DOM): 86 days
Median Price: $535,020
Annual Asking Price Change: -0.9%
Annual DOM Change: 34.2%

9. Littleton, Colo. 80130
Days on the Market (DOM): 90 days
Median Price: $378,420
Annual Asking Price Change: 6.6%
Annual DOM Change: 79.9%

10. Atlanta, Ga. 30340
Days on the Market (DOM): 91 days
Median Price: $217,285
Annual Asking Price Change: 5.5%
Annual DOM Change: 21.9%

http://finance.yahoo.com/real-estate/article/105707/Where-Homes-Are-Selling-Fastest

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