The 15 hottest housing markets of spring '17
April 17, 2017 3:47 PM
Mortgage and real estate professionals are gearing up for a consequential home buying season this year. As rising interest rates continue to cut into demand for refinance mortgages, lenders are looking to purchase loans to close the gap. Meanwhile, home prices continue to grow at an accelerated pace, raising concerns about affordability and housing supply.
From Seattle to Tampa, here's a look at the 15 hottest residential real estate markets of spring 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 fourth quarter of 2016.
From Seattle to Tampa, here's a look at the 15 hottest residential real estate markets of spring 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 fourth quarter of 2016.
andreykr - Fotolia
No. 15: Seattle, Wash.
4Q16 Home Price: $481,352 (+12.19%)
4Q16 Home Sales: 44,941 (+7.10%)
4Q16 Home Sales: 44,941 (+7.10%)
Dave Newman - Fotolia
No. 14: Washington, D.C.
4Q16 Home Price: $588,801 (+3.91%)
4Q16 Home Sales: 10,725 (+13.88%)
4Q16 Home Sales: 10,725 (+13.88%)
Brandon Seidel/Brandon Seidel - Fotolia
No. 13: Austin, Texas
4Q16 Home Price: $281,099 (+10.08%)
4Q16 Home Sales: 32,849 (+3.60%)
4Q16 Home Sales: 32,849 (+3.60%)
Leena Robinson/leekris - Fotolia
No. 12: Fort Worth, Texas
4Q16 Home Price: $181,404 (+10.51%)
4Q16 Home Sales: 38,722 (+2.53%)
4Q16 Home Sales: 38,722 (+2.53%)
Dean Fikar/dfikar - Fotolia
No. 11: San Antonio, Texas
4Q16 Home Price: $169,394 (+9.24%)
4Q16 Home Sales: 38,663 (+2.73%)
4Q16 Home Sales: 38,663 (+2.73%)
David Crowther/Legacy Images - Fotolia
No. 10: Salt Lake City, Utah
4Q16 Home Price: $279,232 (+8.62%)
4Q16 Home Sales: 15,521 (+11.10%)
4Q16 Home Sales: 15,521 (+11.10%)
Josemaria Toscano - Fotolia
No. 9: Portland, Ore.
4Q16 Home Price: $369,033 (+11.12%)
4Q16 Home Sales: 41,351 (+9.29%)
4Q16 Home Sales: 41,351 (+9.29%)
Schlegel Ren - Fotolia
No. 8: Orlando, Fla.
4Q16 Home Price: $201,919 (+7.31%)
4Q16 Home Sales: 56,489 (+7.95%)
4Q16 Home Sales: 56,489 (+7.95%)
Konstantin L - Fotolia
No. 7: Raleigh, N.C.
4Q16 Home Price: $249,521 (+8.56%)
4Q16 Home Sales: 28,670 (+7.95%)
4Q16 Home Sales: 28,670 (+7.95%)
Joseph Sohm/spiritofamerica - Fotolia
No. 6: Nashville, Tenn.
4Q16 Home Price: $227,475 (+9.08%)
4Q16 Home Sales: 34,560 (+10.63%)
4Q16 Home Sales: 34,560 (+10.63%)
/itsallgood - Fotolia
No. 5: Jacksonville, Fla.
4Q16 Home Price: $198,373 (+11.86%)
4Q16 Home Sales: 33,987 (+7.27%)
4Q16 Home Sales: 33,987 (+7.27%)
f11photo - Fotolia
No. 4: Las Vegas, Nev.
4Q16 Home Price: $230,125 (+9.67%)
4Q16 Home Sales: 76,983 (+11.37%)
4Q16 Home Sales: 76,983 (+11.37%)
mattkaz - Fotolia
No. 3: Columbus, Ohio
4Q16 Home Price: $192,812 (+9.60%)
4Q16 Home Sales: 42,389 (+6.62%)
4Q16 Home Sales: 42,389 (+6.62%)
Wendell "Stretch" Clendennen/balloondude - Fotolia
No. 2: Dallas, Texas
4Q16 Home Price: $221,324 (+10.64%)
4Q16 Home Sales: 76,525 (+2.94%)
4Q16 Home Sales: 76,525 (+2.94%)
SeanPavonePhoto - Fotolia
No. 1: Tampa, Fla.
4Q16 Home Price: $186,018 (+13.12%)
4Q16 Home Sales: 69,780 (+7.31%)
4Q16 Home Sales: 69,780 (+7.31%)
