Slideshow 15 sizzling housing markets of summer '17

Published
  • July 13 2017, 7:09pm EDT
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Mortgage and real estate pros are in the midst of a sizzling hot housing market this summer. Consumer demand continues to increase, especially in the South and Southeast where there is strong population and job growth. While the number of homes available for sale is also rising, it's not keeping up with demand and available inventory is shrinking.

From Indianapolis to Nashville, here's a look at the 15 hottest residential real estate markets of summer 2017. The rankings, by online real estate marketplace vendor Ten-X, take into account pricing, sales, affordability, permit activity, economic and demographic growth, as well as forward-looking data like economic forecasts and population trends. Each slide details year-over-year changes in seasonally adjusted median prices of existing homes and seasonally adjusted annual rate of existing home sales for the first quarter of 2017.

No. 15: Indianapolis, Ind.

1Q17 Home Price: $163,174 (+5.4%)
1Q17 Home Sales: 31,868 (+4.5%)

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No. 14: Salt Lake City, Utah

1Q17 Home Price: $288,137 (+10.2%)
1Q17 Home Sales: 15,471 (+4.3%)

No. 13: Minneapolis, Minn.

1Q17 Home Price: $254,655 (+7.0%)
1Q17 Home Sales: 67,159 (+5.8%)

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No. 12: Washington, D.C.

1Q17 Home Price: $629,669 (+14.1%)
1Q17 Home Sales 10,685 (+5.6%)

No. 11: Raleigh, N.C.

1Q17 Home Price: $251,559 (+7.3%)
1Q17 Home Sales 29,011 (+6.7%)

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No. 10: Columbus, Ohio

1Q17 Home Price: $188,259 (+4.7%)
1Q17 Home Sales: 42,761 (+5.6%)

No. 9: Jacksonville, Fla.

1Q17 Home Price: $206,883 (+10.2%)
1Q17 Home Sales: 34,442 (+5.3%)

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No. 8: Tampa, Fla.

1Q17 Home Price: $187,810 (+9.3%)
1Q17 Home Sales: 70,593 (+5.3%)

No. 7: Las Vegas, Nev.

1Q17 Home Price: $233,923 (+8.2%)
1Q17 Home Sales: 80,693 (+9.4%)

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No. 6: Charlotte, N.C.

1Q17 Home Price: $217,821 (+10.9%)
1Q17 Home Sales: 39,223 (+6.5%)

No. 5: San Antonio, Texas

1Q17 Home Price: $170,156 (+8.6%)
1Q17 Home Sales: 39,136 (+3.5%)

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No. 4: Dallas, Texas

1Q17 Home Price: $225,385 (+9.2%)
1Q17 Home Sales: 77,256 (+3.6%)

No. 3: Fort Worth, Texas

1Q17 Home Price: $185,783 (+11.7%)
1Q17 Home Sales: 39,268 (+3.4%)

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No. 2: Orlando, Fla.

1Q17 Home Price: $208,914 (+9.9%)
1Q17 Home Sales: 57,011 (5.7%)

No 1: Nashville, Tenn.

1Q17 Home Price: $237,525 (+11.9%)
1Q17 Home Sales: 34,891 (+7.4%)