Tuesday, July 31, 2012

Where Should You Invest?

Thinking about investing in some real estate? The National Associate of Realtors has compiled a list of the top cities of 2012 so far to purchase your next property. The list is a collaboration of cities based on statistics such as the unemployment rate, property inventory level and median days on market. Below are the top five:

1. Tucson, AZ
Median List Price: $170,000
Inventory Level: 6,600 homes for sale
Median Days On Market: 86
Unemployment Rate: 7.8%

2. Austin, TX
Median List Price: $229,500
Inventory Level: 8,329 homes for sale
Median Days On Market: 77
Unemployment Rate: 6.1%

3. Kansas City, MO
Median List Price: $134,150
Inventory Level: 7,539 homes
Median Days On Market: 103 days
Unemployment Rate: 7.7%

4. Baltimore, MD
Median List Price: $239,500
Inventory Level: 13,053 homes
Median Days On Market: 120 days
Unemployment Rate: 7.5%

5. Fort Worth, TX
Median List Price: $160,000
Inventory Level: 8,242 homes
Median Days On Market: 79 days
Unemployment Rate: 7.1%

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