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A recent study found that the gap between the listing price and closing price of an average home in the U.S. continues to narrow, with more sellers able to get more than 98% of their home’s listing price. ZipRealty.com released a list of the 10 best cities for home sellers, based on data covering 32 U.S. markets. ZipRealty.com says that limited inventory of homes on the market, combined with the low cost of mortgage financing has resulted in homes selling above asking price in many western markets, boosting the average listing-to-closing price ratio. In addition, the median days a home spent on the market dropped to 44 nationwide in 2012, a 23% decline from 2011’s 57 days, according to ZipRealty. Here are the 10 best U.S. cities for home sellers. [Read this article]
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