Top Ten Turn Around Cities in America

Realtor.com has come out with their top ten turn around cities in the United States. Sarasota is number 5 on the list with a 17% increase in sales and a 2% increase in pricing!

Here is the list:
1. Miami, Florida, at number one, had sales of existing single-family homes shoot up 51 percent in the third quarter compared to a year ago, according to the Miami Association of Realtors. The median age of inventory is down 30 percent from a year ago.

2. Phoenix, Arizona is returning to stability, with median list prices up 15.38 percent compared to a year ago.

3. Orlando, Florida saw its median age of inventory go down to 73 days, a 36 percent drop from a year ago and inventory also declined 44 percent compared to a year ago.

4. Fort Myers-Cape Coral, Florida saw its sale price increase 20 percent over the past year, more than any other Florida market, though sales are down 13 percent.

5. Sarasota-Bradenton, Florida saw an increase in sales by 17 percent over last year. Median list prices were also up 2 percent.

6. Boise City, Idaho experienced a reduction in foreclosures, helping the town also see a 40 percent year-over-year decline in inventory. This reduction in inventory also led to drop a 23.42 drop in the median age of inventory.

7. Naples, Florida had a13.38 percent year-over-year increase in median list prices, and a 35.94 percent reduction in for sale inventory.

8. Fort Lauderdale, Florida reduced its inventory by 41.63 percent since last year, and sales were up 18 percent year-over-year.

9. Lakeland-Winter Haven, Florida increased by 9.09 percent increase in median list prices compared to a year ago. Inventory declined 35.28 percent since last year.

10. Punta Gorda, Florida made the 10th spot with median price appreciation up 17.79 percent compared to a year ago.