Home sellers are making a killing in these 10 cities

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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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1. Oakland, CA

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

2. Portland, OR

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

3. San Jose, CA

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

4. Denver

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

5. Los Angeles

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

6. Sacremento, CA

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

7. Seattle

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

8. Philadelphia

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

9. New Orleans

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

10. Boston

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

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