Realtor.com has released its projections for where the hottest housing markets in the U.S. will be in 2022, listing the ten areas it sees as positioned for the most growth next year.
The real estate site reported that the areas topping its list have strong local economies with vibrant culture and opportunities for recreation – and the combination of those factors are attracting new residents looking for remote work.
Median home price: $564,062
Project home price increase: 8.5%
Projected increase in home sales: 15.2%
Combined sales and price growth: 23.7%
REAL ESTATE MARKET WILL CONTINUE TO MOVE IN ‘FAST DIRECTION’ AMID PENT-UP DEMAND: CENTURY 21 CEO
Median home price: $503,959
Project home price increase: 7.9%
Projected increase in home sales: 12.9%
Combined sales and price growth: 20.8%
Median home price: $419,803
Project home price increase: 7.7%
Projected increase in home sales: 12.8%
Combined sales and price growth: 20.5%
ZILLOW QUITS HOME-FLIPPING BUSINESS, CITES INABILITY TO FORECAST PRICES
Median home price: $272,401
Project home price increase: 5.5%
Projected increase in home sales: 14.8%
Combined sales and price growth: 20.4%
Median home price: $298,523
Project home price increase: 6.3%
Projected increase in home sales: 13.7%
Combined sales and price growth: 20%
Rounding out the list at number six of the top ten housing markets was the Providence-Warwick, Rhode Island, market, while the Greenville-Anderson-Mauldin, South Carolina, area ranked number seven.
Washington state’s Seattle-Tacoma-Bellevue market ranked eighth, followed by Worcester, Massachusetts, at number nine on the list. Coming in at the tenth spot was the Tampa-St. Petersburg-Clearwater market in Florida.
Boston Condos for Sale
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Take away:
4.8% year-over-year decline in home sales.
Largest decline in more than 3 years.
Second straight month of decline.
On the positive side:
12% wage gain in the last 5 years.
41% price gain in the last 5 years
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