The National Association of Realtors®
is predicting a potentially tight spring market, as January numbers showed a downward sales trend across the country. The cause? Low inventory. As our persistently low housing supply drives prices higher, even low interest rates cannot make up for buyers who are being priced out of the market.
Instead of bemoaning our current state of affairs, we decided to find the areas bucking this trend. Which cities have shown consistently high turnover in the last year?
Cities with more than 10,000 properties
Sales rates between February 2014 and January 2015
Sales rate = Total sales / Total properties
Below is the city within each state that has shown the highest turnover rate over the last year. (In other words, we probably could have named this the cities with the happiest agents.)