Based on rising home prices, favorable affordability, strong housing demand, and excellent economic and demographic conditions pointing to future demand, Auction.com has named the five top single-family housing markets.
“As the U.S. housing market has continued to recover from the Great Recession, we’ve seen significant regional variances in terms of both price appreciation and sales volume,” said Auction.com Executive Vice President Rick Sharga. “Earlier in the recovery, most of the growth came from markets that had suffered the biggest declines during the housing bust, but what we’re seeing today is more in line with fundamental economic trends: markets with the best job growth and population growth are recovering most quickly.”
According to the report, the Southwest remains the strongest U.S. region overall, with robust local economies and strong population growth continuing to drive housing demand. The Southeast and West also show promise, as even previously hard hit housing markets in these regions are improving rapidly.
Texas swept two of the five spots.
Top Five Markets at a Glance | ||
Market | Home Price Growth, Year over Year | Home Sales Growth, Year over Year |
Denver | 9.2% | 4.6% |
San Antonio | 4.3% | 5.5% |
Nashville | 6.2% | 4.0% |
Fort Lauderdale | 7.8% | 2.3% |
Dallas | 7.3% | 5.5% |
(Source: Auction.com)