9 States With the Hottest Housing Markets
6.6% increase in home prices*
Home sales in California slipped 5.4 percent in April versus last year, but the number of pending home sales increased 4.1 percent. The state is experiencing a dramatic inventory shortage.
* Ranking from Corelogic, based on year-over-year sales data.
Flickr/Jamie Beverly
6.9% increase in home prices
Sales of Texas homes jumped 7.8 percent in the first quarter compared with 2015 as housing inventory fell to an all-time low.
7.5% increase in home prices
Home sales in the state’s most populous county, Ada County, increased 11.9 percent from April 2015, while inventory is down by 32.3 percent.
7.7% increase in home prices
Home sales in the Sunshine State edged down 0.6 percent in April, while townhouse and condo sales fell 5.3 percent. Still, the median price for all home types rose for the 53rd month in a row.
7.9% increase in home prices
Sales of single-family homes in southern Nevada, which includes the state’s biggest city, Las Vegas, increased 2.4 percent in March from last year, while condo and townhome deals slipped 0.7 percent.
8% increase in home prices
The number of home sales in Utah fell 1.8 percent in April year-over-year, while year-to-date sales volume inched up 0.3 percent.
9.5% increase in home prices
The number of home sales in Colorado dropped 3.5 percent in April, while the volume of pending sales jumped 8.7 percent year over year.
10.3% increase in home prices
The number of home sales in Oregon’s largest city, Portland, fell 4.5 percent year-over-year in April, while pending sales increased 11.6 percent.
10.6% increase in home prices
The volume of pending homes sales in northwest Washington jumped 7.4 percent in April. The number of homes on the market is down 22 percent year-over-year, and it would take just 1.76 months to sell all the available homes on the market.