Housing market predictions we love to see
Plus, October’s hottest markets
Realtor.com revealed its October Market Hotness rankings. Using data from their website, they took into account two aspects of the housing market: 1) market demand, as measured by unique views per property and 2) the pace of the market as measured by the number of days a listing remains active.
For the first time since September 2020, no Southern markets made the list. There were also no Western region markets on this month’s list for the fifth month in a row. 7 of the 10 hottest markets were also some of the most affordable, with prices below the national median listing price.
Here are the 10 hottest markets from October:
Manchester-Nashua, NH
Rochester, NY
Burlington-South Burlington, VT
La Crosse-Onalaska, WI-MN
Columbus, OH
Hartford-West Hartford-East Hartford, CT
Fort Wayne, IN
Topeka, KS
Worcester, MA-CT
Dayton, OH
Our take
There’s no denying that the market is in a unique position. Some markets aren’t doing well, and others are on fire. If you are a realtor working in these hot markets, use this data to share with your clientele. Go door-knocking, and let potential sellers know that they can get top dollar for their property. What an amazing opportunity for agents in these markets!
Excerpt of newsletter compiled for The Blueprint — Full edition for 11/18/22 available here.