Home sales prices are at an all-time record. Are real estate trends in your area pointing to a hot market?
Where Home Sellers are Seeing the Biggest Returns
1. Bridgeport, Connecticut
Fairfield County is seeing large gains in property values, with a 14% annualized return across the market. With a median list price of $789,100, returns are being realized from luxury communities such as Greenwich (median-$1.9-million), to less affluent Bridgeport (median-$199,000).
2. Detroit, Michigan
The Great Recession hit Detroit hard. In recent years, revitalization efforts have this market on the upswing, with younger buyers flocking to a market with a $260,000 median list price and realizing a 12% returns.
3. Seattle, Washington
Lucrative tech jobs in Seattle have resulted in fierce competition in this market, which has a median list price of $582,400 and returns of 12%.
4. San Jose, California
High-paid techies and venture capitalists in this market have it pushing a median list price of $1,240,300, and returns of 12%. Home to companies like Apple, even vacant lots in this market are going for $1-million+.
5. Palm Bay, Florida
In high-demand by Baby Boomer retirees and 45-minute drives to Orlando, Palm Bay is also attracting buyers looking for a lower price tag, with a $270,000 median versus Orlando’s $318,500.
6. Denver, Colorado
With a median price of $467,600, the Denver market is ‘growing’ alongside its cannabis-industry counterpart.
7. Providence, Rhode Island
Hot! 51% lower listing prices than Boston and median price of $350,000.
8. Boston, Massachusetts
A skintight market – median prices running $529,100.
9. Nashville, Tennessee
A surplus of jobs in this music hub are pushing the market higher, with a median price of $368,000 and 10% return.
10. Portland, Oregon
Buyers fleeing expensive markets like San Francisco and Seattle are flocking to this nearby market, with its median price of $477,500.
Stay on top of real estate trends you can count on with help from Properties Online.