Friday, November 5, 2010

Home Prices Stabilizing in Key Markets

Chicago's Loop is #3 Nationally!! Two of the top three are Chicago!

ZipRealty says in its third quarter report that homes in key markets all over the country are selling above the asking price.

The report shows that the spread between the sales-to-list price ratio lessened significantly in most markets, but high-end housing markets in many areas continued to offer great bargains for buyers.

The 10 hottest ZIP codes in the ZipRealty markets where the selling prices was greater than the asking price were:

1. Greater Grand Crossing – Chicago, Ill. (60619)
2. Oakland, Calif. (94603)
3. The Loop – Chicago, Ill. (60603)

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