Central metros dominated realtor.com®’s rankings of top-performing housing markets for September, claiming nearly half of its 20 spots. For the third consecutive month, Fort Wayne, Ind., landed first on the list.
Realtor.com® bases its monthly hottest market rankings on the metros that are seeing some of the quickest sales in the nation as well as those that are garnering the most views of listings at realtor.com.
Thirteen of the 20 metros that made the list for September have a lower median listing price than the national average. The top five metros have median list prices that average 32% less than the U.S. average.
“Demand for homes remains really high as a result of consumer confidence and a growing population of millennials,” says Javier Vivas, director of economic research at realtor.com. Low mortgage rates are also helping to draw more buyers out in the fall, he adds.
Hottest Markets - September 2019
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According to realtor.com®, the hottest housing markets in September were:
- Fort Wayne, Ind.
- Rochester, N.Y.
- Pueblo, Colo.
- Columbus, Ohio
- Topeka, Kan.
- Midland, Texas
- Buffalo, N.Y.
- Janesville-Beloit, Wis.
- Kennewick, Wash.
- Sioux City, Iowa
- Burlington, N.C
- Akron, Ohio
- Vallejo-Fairfield, Calif.
- Stockton-Lodi, Calif.
- Canton-Massillon, Ohio
- Spokane, Wash.
- Sacramento, Calif.
- Lafayette, Ind.
- San Francisco
- Dayton, Ohio
Source: “The Midwest Dominates the Hottest Real Estate Markets in September, and Here’s Why,” realtor.com® (Oct. 10, 2019)
