2021 Predictions for Top Housing Markets
Real estate experts are always on the hunt for the next big thing – and researching which housing markets might be top contenders are always at the top of their minds.
Realtor.com’s economics team did the math and were able to create a list of what they believe to be the top 2021 housing markets. These markets have strong job markets, more square footage, and smaller cities that are better, more affordable alternatives. The team also zeroed in on factors in the 100 largest metropolitan areas such as:
- Past sale prices
- Number of sales
- Rate of new construction
- Previous and anticipated economic, household, and income growth
Just because these markets made the list, doesn’t mean they’re cheap. Most are still less expensive than San Francisco, New York, and LA, but they all hit around then national median of $348,000. A lot of their research shows that the markets below are probably pulling in a lot of out-of-towners who can now work remotely and afford larger homes.
The markets listed below are also expected to experience higher price growth and more sales than the rest of the country.
So, do you live in one of these markets? Are you currently trying to live in one of these markets? Tell us in our comments below!
- Sacramento, CA – median home price: $554,000
- San Jose, CA – median home price: $1,199,050
- Charlotte, NC – median home price: $368,820
- Boise, ID – median home price: $445,000
- Seattle, WA – median home price: $629,050
- Phoenix, AZ – median home price: $412,260
- Harrisburg, PA – median home price: $262,000
- Oxnard, CA – median home price: $824,000
- Denver, CO – median home price: $520,000
- Riverside, CA – median home price: $475,050
For more real estate news, stop by AmeriTitle’s Blog.