Homes Sell Fast in Top 12 Metro Areas

Despite all of the talk of downturn and slowdown, some markets are still quite hot.

A survey by HouseHunt revealed that the top 12 metro areas are seeing homes sell within 30 days or less.

Approximately 46% of the sellers in these areas are receiving at least 100% of their asking prices. Seventy-eight percent of sellers are entertaining multiple offers.

The top spot is occupied by Charlotte, NC, where the median price of an existing home is $174,500. According to the National Association of Realtors, Charlotte's median housing price is $56,500 less than the national median, which is currently $231,000.

According to the survey, the average annual price appreciation of homes in the top 12 metro areas is between 5% and 10%.

The top 12 include:

Charlotte, North Carolina, with a median price of $174,500.

Seattle, Washington, with a median price of $338,600.

Nashville, Tennesee, with a median price of $165,300.

Salt Lake City, Utah, with a median price of $184,000.

St. Louis, Missouri, with a median price of $137,900.

Washington, DC, with a median price of $442,500.

Portland, Oregon, with a median price of $267,700.

Austin, Texas, with a median price of $167,200.

TIE -- San Francisco and San Jose, California, with a median price of $720,400 and $746,000.

TIE -- Los Angeles and Southern California, with a median price of $396,200 and $712,000.

The survey indicates that population growth, move-up buyers and multiple-home owenrs account for 62% of sales in these areas.

Martin Lukac represents http://www.RateEmpire.com and http://www.1AmericanFinancial.com, a finance web-company specializing in real estate and mortgage rates. We specialize in daily updates, mortgage news, rate predictions, mortgage rates and more. Find low home loan mortgage interest rates from hundreds of mortgage companies!