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These Are the WORST Places to Sell a House in the U.S.
Moving can be stressful, especially if your current home has been sitting on the market for too long and you're worried that you may have to sell at a loss. The current market conditions present unique challenges that can heighten these concerns. Certain cities and towns in the U.S. have struggling seller's markets right now due to factors like population size, median income, and the number of available properties. To see where these areas are mainly concentrated across the country, Premier Online Marketing conducted a recent analysis using Realtor.com's "for sale" data from over 900 metropolitan areas. They reported on the median days homes remain on the market and the median listing price for each location."A slower pace enables a more measured approach, allowing buyers to find a property that truly aligns with their needs and budget," Michael Shaug, CEO and founder ofPremier Online Marketing, said. "However, this slower market can also come with drawbacks. A sluggish pace might indicate a lack of job opportunities or desirable amenities in the area, potentially hindering future resale value." Below, we've broken down the top ten U.S. metropolitan areas where it's the hardest to sell a home right now. (You'll find that two states stand out in particular.)Related StoriesKey West, FloridaPeter Unger//Getty ImagesOf the cities on this list, the tourist destination Key West has the highest median number of days on the market at 105 days. Towns in Florida currently account for 36 percent of all locations that are struggling to sell properties. However, Key West is likely so high because they have a fairly high cost of living, which is reflected in the median home price of $1.27 million. In a town with a population of around 25,500, out of 1,346 home listings, only eight saw price increases while 224 experienced price reductions.Rockport, TexasJacob Boomsma//Getty ImagesThis coastal town comes at a close second with a median number of 104 days on the market. The average household income is 29 percent below the national average, and the median listing price comes in at $425,000. The analysis looked at 622 listings in Rockport, and 128 of those experienced price reductions. Related StoryPort Lavaca, Texas and Forrest City, Arkansaspeeterv//Getty ImagesPort Lavaca, TXPort Lavaca and Forrest City are tied for third in their median number of days on the market with 103, right under Rockport. From 2010 to 2020, Port Lavaca's population slowly shrunk and is now around 11,212 people, and their median property price is $353,725 (approximately $213 per square foot). Forrest City has a population of 12,490 but a much lower median property price at $139,250, or $83 per square foot. It is about 61 percent cheaper than Port Lavaca.Naples-Marco Island, FloridaBarry Winiker//Getty ImagesIn fourth place, you'll find Naples-Marco Island with a median listing period of 100 days. This metropolitan area has a population of around 375,760 people, and their average listing price is $749,999 with the median price per square foot approximately totaling $417. With over 5,600 listings analyzed on the market, 17.5 percent of them experienced price reductions in an attempt to sell quickly.Rio Grande City-Roma, Texas and Bay City, TexasLacrecia Robinson / 500px//Getty ImagesRio Grande City, TXAnother tie, the Rio Grande City-Roma metropolitan area and Bay City of Texas had a median listing time of 99 days to sell. Rio Grande City-Roma is about 44 percent cheaper than Bay City, with a median listing price of $230,000 out of the 98 available listings, or approximately $132.11 per square foot. Bay City has a median listing price of $325,000 out of 284 listings, which costs $190.50 per square foot. Rio Grande City has a population of about 15,311, Roma's population is about 11,554, and Bay City's comes in at about 17,561.Related StoryDeRidder, LouisianaThis small town with a population of just under 10,000 comes in second to last with a median listing period of 96 days. The average listing price is $259,900.Punta Gorda, Florida and Sweetwater, TexasWiltser//Getty ImagesPunta Gorda, FLRounding out the final ten metropolitan areas are Punta Gorda, Florida, and Sweetwater, Texas, both tied for median days on the market at 95. Sweetwater is much cheaper than Punta Gorda when looking at the median listing price, coming in at $174,450 and Sweetwater with $397,000. The Florida city has a population of about 20,227 people, and the Texas town has 10,285.Follow House Beautiful on Instagram and TikTok.
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