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24/7 Wall St.: American Cities Where Homes Sell Fastest

3. Anchorage, Alaska

Average no. of days on market: 43
Median home price: $289,500 (23rd highest)
Population: 380,821 (20th lowest)

Prospective home buyers in Anchorage really do not have the option of being choosy. There are only 1,120 houses on the market, a decline of about 29% from the previous year. This is the fourth-smallest number of home listings in all metropolitan areas surveyed. Meanwhile, the median home price listing, at $289,500, is up a mere 0.17% from the year earlier, far slower than the growth in places such as Phoenix. Still, the good news is that Anchorage’s median home price is well above the U.S. average of $195,000, signaling a stable housing market. Anchorage is faring better than many of its counterparts economically. The unemployment rate of 6.13% is the lowest of any metropolitan area on the list.

More From 24/7 Wall St.:
Fastest-Growing Cities in America
America's Sickest Housing Markets
Best Cities for Millennials

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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