Real Estate Markets to Watch in 2012

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2012watchWe may still be a few years away from a full-scale national rebound, but some micro markets are showing fantastic signs of strength with symptoms such as:

  • above-average price appreciation
  • strong job market
  • high rate of sales (in proportion to population)
  • home affordability
  • low foreclosure activity
  • below-average share of distressed sales
  • low vacancy rate

In collaboration with Inman News and other real estate information providers, Onboard Informatics contributed local market information to outline top cities with highest proportional transactions, fastest-rising prices, and fastest-rising transactions.

Year-over-year sales changes were one of the factors we looked at in assessing hot real estate markets. Rank order goes from left to right.

Inman looked at housing, economic, and demographic area in metropolitan areas to come up with an overall list of markets to watch. Here are the top 5:

  1. Raleigh-Cary, NC
  2. Wichita, KS
  3. Rochester, NY
  4. Des Moines, IA
  5. Chattanooga, TN/GA (metro)

Click here to read on for the full list and details about each market.

Are there any local markets this report missed? Let us know what you're seeing.

Image Credit: Gerlos on Flickr.com