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A recent study by personal finance platform GoBankingRates revealed a list of the biggest US housing markets where it's most difficult to sell a house.
To gather the list, the study looked at cities where home values are greater than median list prices and analyzed each market across six weighted factors using figures from Zillow's 2019 Housing Data.
These six factors include: the average median list price, the average number of houses that hit the market, and the average number of days those houses spend on the real-estate listing platform Zillow.
Of the top 15 cities that made the list, six are located in Florida.
Trying to sell a house in a weak market can lead to disappointment and price cuts.
However, there are certain factors that owners can analyze to determine whether or not they're entering the market at a good time. For example, when houses in an area are sitting on a listing platform for an average of 100 days or more, it's usually a sign that properties are moving off the market slowly.
A recent study by personal finance platform GoBankingRates revealed a list of the 50 biggest US cities where it's most difficult to sell a house right now. Of the top 15 housing markets that made the list, six of them are located in Florida.
To gather the list, GoBankingRates looked at cities where home values are greater than median list prices and analyzed each market across six weighted factors using figures from Zillow's 2019 Housing Data: the average median list price, the difference between the average home value and the average median list price, the average number of houses that hit the market, the average number of days those houses spend on the real-estate listing platform Zillow, the percentage of listings with price cuts, and the median percentage of the price cuts.
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The data in this study represents each market as of November 5, 2019. Keep reading for a look at the 15 cities where it's most difficult to sell a house right now.
