The 9 States With the Hottest Housing Markets Heading into 2017
6.4 percent increase in home prices*
Pending home sales in California rose only 1.5 percent in October — the latest data available — while the housing market in the state showed signs of cooling, with fewer properties getting multiple offers for the seventh straight month.
*The increase in home prices reflects the average gain from January to October recorded by CoreLogic. Price increases for November and December are not available yet.
Flickr / Sunny Lapin
6.9 percent increase in home prices
The total number of home sales in the Lone Star State is on track to finish 2016 at a record high. Sales were boosted this year by first-time homebuyers, single women and international buyers, especially from India.
7.4 percent increase in home prices
Home and condo sales in Las Vegas, the state’s biggest city, spiked 30 percent in November from a year ago. Single-family houses for sale are spending only 48 days on the market, compared to 61 last year, while condos last only 42 days on average, down from 62.
7.6 percent increase in home prices
Home sales in the state’s most populous county, Ada County, jumped 13.4 percent over the first 10 months of the year compared to the same period last year. The average number of days a home spent on the market dropped from 49 to 43.
7.8 percent increase in home prices
The volume of home sales in Utah edged down less than 1 percent in the third quarter versus last year, according to figures emailed by the Utah Association of Realtors. But year to date, sales volume is up 1.8 percent.
8.1 percent increase in home prices
Single-family home sales in the Sunshine State slipped less than a half-percent in the third quarter from a year ago, according to the latest data available, while townhouse and condo sales dropped 4.3 percent. October saw larger declines, largely because of shrinking inventory, which has kept prices from cooling.
9.5 percent increase in home prices
The volume of home sales in Colorado is up 1.5 percent from the start of the year through October, while the number of new listings slipped a half-percent. The number of homes under contract increased 3 percent.
10.3 percent increase in home prices
Through October, new listings in Oregon’s biggest city, Portland, are up 1.2 percent, while closed sales and pending sales are both down 2.6 percent and 3.2 percent, respectively.
10.9 percent increase in home prices
Low inventory and high demand have created a home-buying frenzy in Washington. Pending home sales in Northwest Washington hit a record high for November, while the number of new listings dropped to an 11-month low. The number of closed sales jumped 31.3 percent.