As home selling season approaches, tech hubs San Francisco, San Jose, Calif., and Seattle lead the list of metro areas that are poised to be the best for sellers.
These are also three of the priciest markets in the country, which can be attractive for sellers, depending on how much they paid for their homes and how long they’ve owned them.
In San Francisco, the best market for sellers overall, the median home value is $957,400. In San Jose, it’s $1.25 million.
But home values (also reflected in prices) are not what makes these the best metros for sellers. The Zillow Buyer-Seller Index uses three metrics that capture market trends and are a robust measure of buyer/seller dynamics. The metrics are: what share of listings in an area have had a price cut, how long listings sit on the market, and sale-to-list price ratios.