ZipRealty’s 3rd Quarter Home Hunter Report tracked data from 5,400 cities within 33 markets to identify which ZIP codes had an average sale price most above the average list price and most below the average list price. According to the report, homes in the hottest ZIP codes were selling about 5 percent above asking price. ZipRealty’s John Oldham said it was an encouraging sign that prices may be stabilizing and buyers and sellers were adjusting to the new market reality. The country’s hottest ZIP code was the Greater Grand Crossing neighborhood in Chicago, where homes were selling an average of 9 percent higher than asking price. More here and here.
Theresa Springer’s Blog
ZipRealty Ranks The Nation’s Hottest ZIP Codes
November 1, 2010
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