Hot Real Estate Markets Around the Country (USA)

Hot real estate markets include: Rochester, NY, Springfield, MA, Claremont-Lebanon, NH, Burlington-South Burlington, VT, Manchester-Nashua, NH, Portland-South Portland, ME, Des Moines, IA, and Tampa, FL. In this article, we’ll discuss some of the hottest markets around the country and the differences between buyers’ and sellers’ markets in each of them.

Dallas-Fort Worth-Arlington, TX is the most-improved large market

This metro area includes two metropolitan divisions: Dallas-Plano-Irving, TX, and Fort Worth-Arlington, TX. Collectively, they account for 72 percent of the area’s nonfarm employment. In February 2020, these two markets gained 68,500 new jobs. This represents a 7.0 percent job increase compared to a national increase of 4.6 percent.

Home values in Texas have risen 24.1% over the past year and are predicted to continue to rise through 2022. Zillow has created a graph showing how prices have increased in Dallas since 2012.

Charlotte is a seller’s market

In Charlotte, North Carolina, the housing market is a seller’s market. More buyers are searching for homes than there are available homes. This lack of inventory is driving up home prices, as more people seek to live in the city. In addition, the low supply of available homes is creating investment opportunities in the area. With this situation, homes are selling quickly. The median sales price in Charlotte increased by 22.7 percent year over year in January 2022.

In June 2022, the median price of homes in the Charlotte MSA was $439,000, up from $330,249 a year earlier. Although the average home price in Charlotte is higher than the national average, it is still a good deal for real estate investors. The current median listing price in the Charlotte MSA and city is $338,700, which makes the real estate market in Charlotte, NC a seller’s market.

Austin is a seller’s market

The housing market in Austin is among the best in the country over the last few months, and the city’s growth is driving demand for housing. The city’s rapid economic development and in-migration are driving the demand, and the low number of homes on the market translates into a low inventory level. This combination of factors has created a seller’s market, with prices rising and days on market decreasing.

In November, house sales in Austin were down 5.4 percent to 618. The median price of a single-family home in Austin was $374,900, up to five percent from November 2017. A real estate agent can help you make the right choice based on your unique needs. However, don’t get stuck in a home that doesn’t have everything on your list – you may just find a home that fits your criteria.

Des Moines is a buyer’s market

The housing market in Des Moines, Iowa, is experiencing a steady growth. Real estate experts are concerned about low inventory, which is a problem as the demand for homes is far greater than the supply. As prices rise, more homes will be put on the market, and the local economy is strong, more sellers will be willing to sell. In Des Moines, a buyer’s market may persist for the foreseeable future.

Prices in Des Moines are rising, but they remain affordable. The National Association of Realtors rates Des Moines as one of the top 10 post-Covid markets for 2021-2022. Zillow’s ZHVI for Des Moines, Iowa is $189,518 as of May 2022. The median listing price per square foot in Des Moines is $177. The median selling price of a single-family home in the metro is $187,500.

Austin is a good long-term investment

The housing market in Austin has experienced a recent surge in value. Low mortgage rates and a lack of inventory have fueled this trend. While the lack of inventory can be frustrating for some buyers, it makes a long-term investment in the Austin real estate market attractive. With a low inventory level and low mortgage rates, now may be the time to invest in Austin. Listed below are several reasons why Austin is a good long-term investment in real estate markets

Job and population growth: Austin is attracting a large number of young professionals to the area. With more than 40,000 students attending the University of Texas Austin, properties near the campus command premium rents. The Austin Community College is home to nearly as many students. Other nearby universities include Huston Tillotson University, Saint Edward’s University, and the National American University. While Austin is not as large as Houston or Dallas, its housing market has gained steam since 2010.

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