finance.yahoo.com
Home prices rose by more than 50% in these 10 markets since 2017
If you own a home in the top 10 metro housing markets, it might be worth a lot more than what you paid for, even if you bought it a few years ago.
Business
If you own a home in the top 10 metropolitan U.S. housing markets, it may be worth a lot more than what you paid for, even if you bought it just a few years ago.
The median sales price of a home in these areas has jumped an average of 57% in the past four years, according to new data from Realtor.com.
That’s a feat that normally would have taken 10 years to achieve, Danielle Hale, the chief economist for Realtor.com, tells USA TODAY.
“If you are a somewhat recent owner, it might surprise you to learn that you could actually sell your home and make some money much sooner than you might have expected to,” Hale says.
Realtor.com looked at the 300 largest metropolitan areas and ranked them by how much their sale prices have climbed since 2017. The median time these listings stay on the market has dropped by 30 days, and these houses are now selling in 25 days.