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%
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%
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.
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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
Sales of detached single-family homes and condominiums softened in December amid appreciating home prices and rising inventory, according to data released today by the Greater Boston Association of REALTORS® (GBAR).
The 1,027 single-family detached homes sold in December 2017 was a 9.7 percent decrease in sales from the 1,137 homes sold in December 2016. This total was the seventh-highest on record for the month of December, and is above the monthly sales average since 2003 of 984 homes sold. The condo market also experienced a decrease in sales as 793 units were sold in December 2017, which reflects of a 14.3 percent drop in sales from the 925 units sold in December 2016, which is also the record high for December. This was the eighth most active December on record for condo sales and sits above the historical monthly average of 772 units sold.
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Updated: Boston real estate blog updated 2021