The States With the Hottest Housing Markets This Year
6.6% increase in home prices
The state saw sales level off as the end of year neared. In November, closed sales slipped 1.6 percent from a year ago, but pending sales were up 13.6 percent. Sellers still had a strong position, with two-thirds receiving multiple offers and three in five selling their homes at or above the asking price.
Rankings were compiled using CoreLogic’s monthly home price indexes from January through October, the most recent data available.
Flickr/KP Tripathi
7.7% increase in home prices
At the beginning of December, home sales in Texas were on pace for a record-setting year, increasing 7.8 percent in the third quarter, largely due to the state’s healthy economy and robust population growth. Luxury home sales—those price at $1 million or higher—rose 9 percent in Austin, 13 percent in Houston, 15 percent in Dallas and 26 percent in San Antonio.
Flcikr/Andy
The only beach in Southampton Village with a life guard, it’s also one of the priciest in Long Island. Parking at the beach costs $40 a day. Surrounded by mansions, the beach has a snack bar and offers umbrella and chair rentals.
Kazuko Oguma - Flickr
7.8% increase in home prices
Sales of existing single-family homes in Florida inched up 1.9 percent versus a year ago, while townhouse/condo sales increased 5.7 percent. There were more than a third fewer short sales of townhouses, condos and single-family homes compared with a year ago, which helps to boost prices.
Flickr/Kim Seng
7.8% increase in home prices
Through November, the number of pending sales in Oregon’s largest city, Portland, was 23 percent higher the same period ago. Completed sales were 19.8 percent higher. In November, the volume of pending sales was the highest for the month in a decade, and the number of closed sales was the most for November since 2006.
Flickr/Roger
8.2% increase in home prices
Single-family home sales in the state’s largest metro, Las Vegas, declined 2.9 percent in November from last year, offsetting an 11.3-percent increase in condo and townhome transactions. The number of short sales and sales of bank-owned houses continued to fall from last year, a trend that helps overall housing prices.
Flcikr/Loic Lagarde
8.5% increase in home prices
While no statewide market statistics were available for November, metro-level data show a strong year in South Carolina. Through November, the number of sales in the Charleston metro was up 14 percent versus last year. In Tega Cay, outside of Charlotte, N.C., closed sales increased by 9.9 percent in November year-over-year and pending sales were up 12.8 percent.
Flickr/Wikimedia Commons
8.7% increase in home prices
The number of homes on the market in Northwest Washington shrunk considerably, pushing prices higher. New listings were down 4.6 percent versus a year ago in November, while the number of active listings fell 26.5 percent from last year. Pending homes sales jumped 10 percent in November compared with a year ago, while closed sales were up 2.2 percent.
Flickr/Andrew E Larsen
9.9% increase in home prices
Through November, the volume of closed sales in the state were up 6.8 percent versus the same period last year, while the number of pending sales was up 11.6 percent. The number of days a home remained on the marketed plummeted by more than a week to 59 days from 67 days.
Flickr/Cathy McCray