Dec 04, 2013 in Homeowner. 0 Comment
With a 44 percent rise in home prices, these cities take the lead in the turnaround. Small inventory and huge demand have caused the inventory to stay low. Nationally the inventory dropped 3.3 percent, and the age of the inventory – how long it spends on the market – has been shortened from 102 days to 84 days.
Las Vegas – Las Vegas exemplified the boom and bust of the real estate market with drops of up to 70 percent in property value. But over the last year, it has gained 30.8 percent of it back.
Boulder, Colorado – Prices are up 12.5 percent to more than the 350k from the low of 300k over a year ago. The inventory has declined, too. With the past flooding, there are even fewer homes for sale.