Wondering If Your City Makes The Top Hottest Real Estate Markets In The Nation?
The Hottest Markets
Whether you’re an investor, a home buyer, or a property owner, it’s good to stay informed about real estate market trends. Last year brought with it some housing shortages in some markets, but 2019 is predicted to be a booming year. And whatever role you’re playing in the business of buying and selling houses, it’s important to know where the hottest markets are going to be.
Boston, MA
Boston always has its strong points, but it seems to be increasing in popularity with millennials and first-time home owners. It’s probably due to the stellar educational institutions and the booming healthcare industry. This is not hard to imagine with all the Harvard medical students graduating and sticking around for their rotations. Median housing prices are right around the $500,000 range and sales are expected to grow by 3.6%.
Boise, ID
Boise is drawing in professionals from pricier housing markets like California and Oregon. It’s a rapidly growing city with a lot to offer in the way of cultural and outdoor recreation. It’s also consistently ranked as one of the 50 safest cities in the world. Here, you can enjoy a rich city life where kids are still safe to walk home from school. Boise’s average real estate listing price is about $330,000 and sales are expected to grow by 1.5%.
Las Vegas, NV
Vegas isn’t exactly what it used to be. Sure, there’s still plenty of entertainment, but “sin city” has taken on a more family-friendly reputation in a lot of ways. The housing market is growing due largely to this fact, along with the expanding tech industry, low mortgage rates, and no state income tax. The average listing price is a little over $300,000 and it’s predicted to grow by a little less than 1% this year.
Phoenix, AZ
Phoenix has become a popular place to retire because of its warm weather and low taxes. But the area has a lot to offer people of all age groups in the way of big city perks surrounded by outdoor entertainment. It also tends to attract a lot of California retirees or relocators looking for cheaper housing. The average listing price in Phoenix is $329,975 and the predicted growth rate is 3.6%.
Lakeland, FL
Lakeland, Florida is a smaller community close to both Tampa and Orlando. This proximity makes it a perfect place to live and commute for people looking for life outside the big cities. But it also makes it a desirable place to retire for seniors who need access to quality healthcare but prefer smaller town living. The average home sells for about $224,000 and sales are predicted to grow by 5%.