According to Realtor.com, these are the top 7 housing markets for 2019:
- Lakeland, Fla.
- Median list price: $224,950
- Predicted sales growth: 5%
- Predicted price growth: 7.4%
- Grand Rapids, Mich.
- Median list price: $278,750
- Predicted sales growth: 4%
- Predicted price growth: 8.2%
- El Paso, Texas
- Median list price: $175,050
- Predicted sales growth: 7.9%
- Predicted price growth: 2.5%
- Chattanooga, Tenn.
- Median list price: $269,950
- Predicted sales growth: 5.2%
- Predicted price growth: 4.3%
- Phoenix
- Median list price: $329,975
- Predicted sales growth: 3.6%
- Predicted price growth: 5.6%
- Bridgeport, Conn.
- Median list price: $749,050
- Predicted sales growth: 5%
- Predicted price growth: 4%
- Las Vegas
- Median list price: $320,049
- Predicted sales growth: 0.9%
- Predicted price growth: 7.9%
Realtor.com’s economic team identified these top 7 housing markets for 2019. These metro areas were chosen for the number of sales and the home prices expected to move higher in 2019. Researchers also evaluated new home construction in the top 100 largest markets against the local economies and population trends of the areas.
This means that real estate brokers and mortgage professionals need to take a close look at the top 7 housing markets for 2019 and plan their marketing efforts accordingly.
Updating to 2020:
Forget Seattle, Denver and San Francisco. Boise, Idaho, is poised to be the hottest housing market at the start of the next decade.
A new report from Realtor.com identified the housing markets that are expected to see the most notable home sales and price growth in 2020. Boise ranked No. 1, a marked increase from No. 8 a year ago.