The Hottest Housing Markets of February 2024By RISMedia Staff
The Manchester-Nashua, New Hampshire metro area ranked as February’s hottest housing market for the sixth time in the last year, according to a new report from Realtor.com. Manchester-Nashua hit number 1 for the first time in March 2021 and has been a mainstay at the top of the list ever since.
Realtor.com’s Market Hotness rankings for February take into account two aspects of the housing market: market demand (measured by unique views per property on Realtor.com) and the pace of the market (measured by the number of days a listing remains active on Realtor.com). Overall, the report found that while the country saw home prices climb just 0.3% in February, the hottest markets saw 3.8% annual price growth. Though hot market price growth continues to outpace U.S. price growth, the report stated that the margin has narrowed significantly in recent months. The top 10 hottest housing markets of February 2024:
Median days on the market: 23 Median listing price: $572,000
Median days on the market: 24 Median listing price: $250,000
Median days on the market: 30 Median listing price: $499,000
Median days on the market: 38 Median listing price: $350,000
Median days on the market: 38 Median listing price: $377,000
Median days on the market: 33 Median listing price: $854,000
Median days on the market: 41 Median listing price: $400,000
Median days on the market: 38 Median listing price: $500,000
Median days on the market: 42 Median listing price: $550,000
Median days on the market: 41 Median listing price: $325,000 For the full report, click here. |
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