The Hottest Real Estate Markets for Spring 2019

May 02, 2019, Posted By: Richard Simon
real estate markets spring

The appeal of once-hot markets along the West Coast, including Seattle and San Francisco, is waning, and a new star is rising — in Ohio.

Ohio Shines

Realtor.com looks for the cities with the most searches as well as those seeing a decrease in Days on Market (DOM) to predict the next hottest markets. Their numbers show that Ohio has suddenly seen a surge in popularity with the state’s capital ranking at the top of the list.

Columbus has a highly energetic atmosphere that is drawing both millennials and young families to the vibrant city. Along with Columbus, Akron and Canton made it to the top 20, while major urban centers like Cleveland and Cincinnati get a very honorable mention among cities with the biggest gains.

California Dreaming

Although Ohio is stealing the show, California is still well represented, with the Sacramento metro area ranking in the top five. Meanwhile, the posh and often out of reach Bay Area is staying within the top 10 at number 9.

The Bay Area has seen a 3% decrease year over year in its median list price, not to mention an increase in DOM of 7% and a decrease in views by 22%.

The Hottest Numbers

So, what do the numbers look like for the top 10 cities? Here is Realtor.com’s overview of the median listing prices this year and the differences year over year:

  1. Columbus, Ohio: Up 7% at $249,900
  2. Boston and Cambridge, Massachusetts and Newton, New Hampshire: Up 3% at $539,000
  3. Midland, Texas: Down 12% at $350,000
  4. Sacramento, Roseville, Arden, and Arcade, California: Up 3% at $475,644
  5. Stockton and Lodi, California: Up 6% at $399,888
  6. Colorado Springs, Colorado:  Down 3% at $399,500
  7. Odessa, Texas: Up 28% at $285,000 (Note: they only had 475 homes for sale
  8. Lafayette and West Lafayette, Indiana: Up 14% at $219,950 (Note they only had 400 homes for sale)
  9. San Francisco, Oakland, and Hayward, California:  Down 3% at $920,000
  10. Modesto, California: Down 2% at $350,000

Affordable Homes Highlight Spring 2019

The list of hottest markets for 2019 stands apart from previous years in that affordable homes are well represented.

Other factors are attracting people to areas such as Columbus and Colorado Springs, such as a growing arts scene. With millennials now the largest demographic in the homebuying market, it makes sense that interest is growing in markets that, up until now, have remained untapped.

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