10 Turnaround Cities Across the U.S.

Even with mortgage rates and home prices on the rise, many U.S. cities witnessed boosts to their housing market credentials. The list of cities includes Las Vegas, Boulder, Boston, West Palm Beach-Boca Raton, Dallas, Ann Arbor, Fort Lauderdale, Reno, Santa Barbara, and Detroit.

The metrics for evaluating housing market gains for these cities include: the number of available homes on the market, median listing prices of those homes – with these seeing a large increase, rising 7.6% from 2012 to $199,218 nationally), and the average number of days that these properties have been on the market.

The average age of homes available on the market now, when compared to this same period of months in 2012, saw a 17.7% drop. Homes that sold during the period of July through September of 2013, on average, sold in 84 days. Compared to the same period last year, this year saw a 25-day improvement from listing to sale. The total number of homes available on the market across the U.S. fell 3.3% from last year, with a total of 1.96 million homes available on any particular day.

Source: http://realestate.aol.com/blog/on/realtors-rebounding-us-housing-markets/#!slide=1538517