Small Cities Dominate Hottest Housing Market Rankings | Realtor Magazine
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Fort Wayne, Ind., and Pueblo, Colo., were the top-performing housing markets in August—another sign that small towns are turning on the charm in drawing more buyers away from the big cities. The two cities topped realtor.com®’s newly released list of hottest housing markets.
“Smaller markets with smaller price tags continue to heat up feverishly,” says Javier Vivas, realtor.com®’s director of economic research. “Buyers have more success in markets that have plentiful supplies of homes below $200,000 in the Northeast and the Midwest. In the West and the Southwest, we’re seeing alternatives to the pricey, larger cities make the list.”
The median home price in Fort Wayne was $162,000 in August. “We have been one of the most affordable places in the U.S. for decades,” RE/MAX real estate pro Tug Pierson told realtor.com®. “Because of local economic growth, we are attracting startups and new employers—so the job market is expanding.”
Each month, realtor.com® ranks the hottest housing markets based on markets seeing the fastest sales and garnering the most visits at its site.
Here are the 20 hottest markets in August, according to their rankings: