What makes the most popular real estate markets? Is it strong job growth, affordability, vacancy rates, superior quality of life, proximity to basic facilities or good infrastructure? It is all of these and more which makes the most luscious real estate markets, where people wish to settle and buy homes in.
People like to be in cities where the economy and the values of homes are strengthening.
Take a look at the top 10 hottest real estate markets in 2017, and find out which cities are there at the top of the heap. The median listing values of these places are growing fast, and show no hints of a slowdown. Growing industrial pace and amazing weather makes this place perfect to live in.
List of The world’s top 10 Most Popular Real Estate Markets in 2017.
It is where Microsoft and Amazon are based in, and this is the numero uno spot for wage and job growth in the U.S. It is an amazing place where young professionals can find employment with attractive salaries. There is a hike of 13.7% in median list prices in April, and when compared to the national average this is 4.3% better. It has one of the most popular real estate markets.
9. Charlotte, North Carolina
This is a fantastic place which is doing well even in this climate. The median list prices are up 6.7% over the previous year. There is a 4% growth in employment every year, which is good enough. The city is regarded as the 2nd largest banking center in the U.S, and the real estate market seems to be one of the sexiest in the place enjoying a big boom in the last few years.
8. Portland, Oregon
It is one of the most eco-friendly cities on the planet and there has been a jump of 16% in median list prices from March to April. It is one of the hottest, most livable and young cities in America due to its focus on urban development and sustainability.
This is one of the sexiest real estate markets, due to the growth in the number of jobs. Sellers are trying to benefit from this knowledge and hiking up prices. As compared to the previous year, there is a 2.9% hike in non-farm employment this year. The median listing costs are 5% every year and there has been a jump of 11.9% from March to April. This is a wonderful place for business purposes, and constant growth is indicated in the market.
There is an increase of 4.7% in the number of listings in Dallas in the month of April. The median list prices have also gone up by 17% in April as compared to March. There is steady increase in job opportunities and the growth us supported by a robust economic climate.
It is one of the most innovative places in the U.S, and has many economic opportunities – which make it one of the most livable cities in America despite high living costs. It is placed near a scenic coastline. The amazing sports teams, hiking spots and national parks of the place make it ideal to stay in and one of the most popular real estate markets.
It is the capital of the state of California. In 2002, it was named as “America’s Most Diverse City”. Because of this, the real estate market is one of the sexiest these days. The median list prices have soared 25.6% in April from March. The place is among the sexiest and has a strong medical and healthcare industry and university system. It enjoys steady growth.
3. Denver, Colorado
It is the place where the Super Bowl Champion Broncos are held and the city is showing good enough in this year. There is a 2.1% jump in the number of total listings in April and the rate of employment has gone down to a mere 3.3%. There is a lot of scope for growth and both families and young individuals are finding the market to be excellent for them. It is among the most popular real estate markets.
2. St. Louis
The medial list prices are going up 6.4% every month, and homes are selling 12 days quicker as compared to national average sales. This is one of the hottest real estate markets without a shred of doubt. The place has a robust sports culture, attractive zoos, amazing museums and strong healthcare and manufacturing industries – all of which contribute to its rising popularity.
1. San Francisco
The amazing weather, growing technological industry and favorable political climate makes this city perfect to stay in. The median list prices have gone up here by 17% in the March – April period. This is undoubtedly one of the sexiest real estate markets in the nation.
These are the top 10 hottest real estate markets in 2017, which have managed to strike a chord with property buyers.