With double-digit price increases occurring across the country and skyrocketing demand from buyers, housing markets are soaring.
A recent study done by the U.S. News & World Report examined 96 metro areas to identify the top markets for 2021. They factored in year-over-year gains in median home sales prices, markets with drops in inventory, median days on the market, and multiple other statistics to rank the top performing markets. Here’s what they discovered:
Top Performing Markets Right Now
1. Seattle, WA
Median home price: $565,710
Year-over-year price growth: 16.19%
Year-over-year inventory growth: -8.36%
Median days n market until pending: 21
2. Tucson, AZ
Median home price: $256,980
Year-over-year price growth: 16.05%
Year-over-year inventory growth: -20.72%
Median days on market until pending: 26
3. Sacramento, CA
Median home price: $475,792
Year-over-year price growth: 14.01%
Year-over-year inventory growth: -23.94%
Median days on market until pending: 22
4. Cincinnati, OH
Median home price: $207,865
Year-over-year price growth: 13.78%
Year-over-year inventory growth: -22.21%
Median days on market until pending: 24
5. Boston, MA
Median home price: $535,850
Year-over-year price growth: 14.59%
Year-over-year inventory growth: -17.33%
Median days on market until pending: 31
6. San Francisco, CA
Median home price: $895,760
Year-over-year price growth: 12.93%
Year-over-year inventory growth: 18.65%
Median days on market until pending: 29
7. Wichita, KS
Median home price: $174,430
Year-over-year price growth: 13.67%
Year-over-year inventory growth: -18.38%
Median days on market until pending: 29
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