Fort Lauderdale # 4 Spot in 10 City Turnaround List. The housing recovery’s top three “turnaround towns” in the nation are Detroit; Santa Barbara, Calif.; and Reno, Nev., said Realtor.com in their newest report.
In the past year, these markets have seen significant increases in their median list prices and a drop in inventory levels. “We are noticing a clear split between markets that have experienced major highs and lows in recent years, and those that have proved more resilient,” says Errol Samuelson.
In an analysis of more than 800 MLS’s nationwide the top towns in its Turnaround Report by evaluating key housing indicators, such as inventory, median list price, days on the market, and search and listing activity in their database.
The following 10 towns rose to the top of the realtor.com list for the third quarter:
- Santa Barbara-Santa Maria-Lompoc, Calif.
- Reno, Nev.
- Fort Lauderdale, Fla.
- Ann Arbor, Mich.
- West Palm Beach-Boca Raton, Fla.
- Boston-Westchester-Lawrence-Lowell-Brockton, Mass.-N.H.
- Boulder-Longmont, Colo.
- Las Vegas, Nev.
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