10 Cities With Strong Home Sales Growth in the First Quarter
Published May 23, 2016 11:45 AM
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Updated May 23, 2016 12:09 PM
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First-quarter purchase originations by dollar volume increased 8% year-over-year basis to nearly $146 billion, according to data from RealtyTrac. Roughly $350 billion of first mortgages were originated during the period, 42% of which went toward home purchases. From the nation's coffee capital of Seattle to the desert oasis of Phoenix, here's a look at the 10 markets with a population of more than 500,000 that had the largest growth in home sales activity on a per capita basis during the first quarter, based on data from RealtyTrac.
No. 10: Seattle-Tacoma-Bellevue, Wash.
Housing Inventory: 1,066,111 1Q16 Home Sales: 11,474 (1.08% of total inventory)
No. 9: Riverside-San Bernardino-Ontario, Calif.
Housing Inventory: 1,143,857 1Q16 Home Sales: 12,764 (1.12% of total inventory)
No. 8: Denver-Aurora-Lakewood, Colo.
Housing Inventory: 862,720 1Q16 Home Sales: 10,685 (1.24% of total inventory)
No. 7: Miami-Fort Lauderdale-West Palm Beach, Fla.
Housing Inventory: 2,101,459 1Q16 Home Sales: 26,341 (1.25% of total inventory)
No. 6: Nashville-Davidson-Murfreesboro-Franklin, Tenn.
Housing Inventory: 599,371 1Q16 Home Sales: 7,546 (1.26% of total inventory)
No. 5: Portland-Vancouver-Hillsboro, Ore.-Wash.
Housing Inventory: 648,625 1Q16 Home Sales: 8,406 (1.30% of total inventory)
No. 4: Orlando-Kissimmee-Sanford, Fla.
Housing Inventory: 728,201 1Q16 Home Sales: 9,951 (1.37% of total inventory)
No. 3: Tampa-St. Petersburg-Clearwater, Fla.
Housing Inventory: 1,034,534 1Q16 Home Sales: 14,869 (1.44% of total inventory)
No. 2: Las Vegas-Henderson-Paradise, Nev.
Housing Inventory: 674,255 1Q16 Home Sales: 9,892 (1.47% of total inventory)
No. 1: Phoenix-Mesa-Scottsdale, Ariz.
Housing Inventory: 1,427,168 1Q16 Home Sales: 21,273 (1.49% of total inventory)
