- 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.
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:
- Raleigh-Cary, NC
- Wichita, KS
- Rochester, NY
- Des Moines, IA
- 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