Home sellers are making a killing in these 10 cities

Zillow, a leading real estate and rental marketplace, has put out a list of the housing markets where home sellers are cashing out on record home values.

"Every city on this list has been growing extremely fast over the past decade, with the majority passing peak home value hit during the housing bubble," said Zillow Chief Economist Dr. Svenja Gudell. "It's extremely difficult to time the market, but if you're a longtime homeowner in one of these cities, you could potentially see a great return on your investment."

The rankings are based on Zillow's housing market research of the 50 largest US cities. To be included on the list, data must be available on at least 60% of home sale transactions.

Here's the list of the cities where home owners have cashed out on record home values: 

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Home sellers are making the most money in these 10 cities
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Home sellers are making the most money in these 10 cities

10. Boston

Median years owned: 7 years 10 months

Dollar gain on sale: $182,500

Annual dollar gain on sale: $25,036

Percent gain on sale: 49.6%

Source: Zillow 

Photo credit: Getty

9. New Orleans

Median years owned: 8 years 7 months

Dollar gain on sale: $81,000

Annual dollar gain on sale: $10,475

Percent gain on sale: 51.5%

Source: Zillow 

Photo credit: Getty

8. Philadelphia

Median years owned: 7 years 11 months

Dollar gain on sale: $40,225

Annual dollar gain on sale: $4,194

Percent gain on sale: 51.7%

Source: Zillow 

Photo credit: Getty

7. Seattle

Median years owned: 9 years 2 months

Dollar gain on sale: $185,000

Annual dollar gain on sale: $20,840

Percent gain on sale: 53.1%

Source: Zillow

Photo credit: Getty

6. Sacremento, CA

Median years owned: 6 years 11 months

Dollar gain on sale: $82,500

Annual dollar gain on sale: $12,000

Percent gain on sale: 53.6%

Source: Zillow 

Photo credit: Getty


 

5. Los Angeles

Median years owned: 9 years 8 months

Dollar gain on sale: $200,000

Annual dollar gain on sale: $23,200

Percent gain on sale: 53.7%

Source: Zillow 

Photo credit: Getty

4. Denver

Median years owned: 7 years 7 months

Dollar gain on sale: $119,500

Annual dollar gain on sale: $18,162

Percent gain on sale: 56.0%

Source: Zillow 

Photo credit: Getty

3. San Jose, CA

Median years owned: 9 years 8 months

Dollar gain on sale: $271,150

Annual dollar gain on sale: $30,562

Percent gain on sale: 56.5%

Source: Zillow 
 

Photo credit: Getty

2. Portland, OR

Median years owned: 9 years 1 month

Dollar gain on sale: $145,026

Annual dollar gain on sale: $16,714

Percent gain on sale: 64.7%

Source: Zillow 

Photo credit: Getty

1. Oakland, CA

Median years owned: 7 years 3 months

Dollar gain on sale: $235,000

Annual dollar gain on sale: $33,913

Percent gain on sale: 78.0%

Source: Zillow 

Photo credit: Getty

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SEE ALSO: Rents are collapsing in some of America's biggest cities

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