Zillow: Mid-Sized Markets Leading in GrowthBy RISMedia Staff
Home demand has changed this year. In the past, buyers flocked to expensive coastal metros like San Francisco and Seattle. Now, however, according to Zillow, mid-sized cities such as Boise, Syracuse and Portland, Maine are now leading the country as "top markets poised for growth."
Zillow says these are the metros to watch: 1. Boise, Ida. Population: 616,561 Typical Home Value: $334,965 2. Huntsville, Ala. Population: 417,593 Typical Home Value: $203,242 3. Ogden, Utah Population: 597,159 Typical Home Value: $344,816 4. Spokane, Wash. Population: 527,753 Typical Home Value: $293,655 5. York, Pa. Population: 434,972 Typical Home Value: $195,837 6. Colorado Springs, Colo. Population: 645,613 Typical Home Value: $336,927 7. Lancaster, Pa. Population: 519,445 Typical Home Value: $242,009 8. Modesto, Calif. Population: 514,453 Typical Home Value: $340,762 9. Syracuse, N.Y. Population: 662,577 Typical Home Value: $154,596 10. Visalia, Calif. Population: 442,179 Typical Home Value: $232,800 11. Portland, Maine Population: 514,098 Typical Home Value: $334,650 12. Lansing, Mich. Population: 464,036 Typical Home Value: $170,011 The analysis considered several factors, such as market demand, continued opportunity for growth, recent and forecasted home value growth, the share of homes sold above list price, and days on market. Boise ranked No. 1 for drawing in all generations of movers due to strong home values and a quick five days on market. Next up was Huntsville, where home values have increased 11.5 percent YoY and home values are forecasted to increase 5 percent YoY. At No. 3 was Ogden, where 41.5 percent of homes sell above list price and home values are forecasted to increase 4.6 percent in the next year. For more information, please visit www.zillow.com. |
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