The 9 States With the Hottest Housing Markets to Start 2017
7.1% increase in home prices
The number of home sales in the Empire State hit a record high for the month of January, rising 4.1 percent year over year. Pending home sales increased by 8.5 percent compared to a year ago.
Kristen Wall / Flickr *Home price data from CoreLogic; increases are for year-over-year prices, January 2016 to January 2017.
7.3% increase in home prices
Single-family home sales in the Sunshine State rose 5.2 percent in January from a year ago, while townhouse and condo sales increased 6.2 percent.
Jill Foster / Flickr 
7.4% increase in home prices
Home sales in the Memphis and Shelby County market jumped 28 percent in January, while the number of new-home permits hit the highest level since the housing crash. Nashville also was named as the hottest housing market for 2017 by Bankrate.com.
Timothy G. Lumley / Flickr 
8% increase in home prices
The number of home sales in Utah slipped less than a percent in the fourth quarter 2016 compared with the year before, according to figures from the Utah Association of Realtors. But year to date, sales volume was up 1.7 percent.
Grant Davis / Flickr 
9% increase in home prices
Warmer weather in February boosted home activity in the state’s most populous county, Ada County. Pending sales jumped 25.7 percent from January, but were still 5.5 percent lower than a year ago due to shrinking inventory.
Katja Schulz / Flickr 
9.1% increase in home prices
The number of homes sales in the Sioux Falls region was down 1.5 percent in February versus last year, but pending sales jumped a whopping 75.1 percent over the same period.
Lars Plougmann / Flickr 
9.1% increase in home prices
The number of home sales in Colorado slipped 3.1 percent in February from the previous year, while year-to-date sales volume is up by 2.7 percent. The number of sales under contract increased 10.4 percent year over year.
© Rick Wilking / Reuters 
10.3% increase in home prices
Home sales in Oregon’s largest city, Portland, are showing some signs of cooling off. Pending sales, while stronger than in December, fell 11.3 percent from January 2016. Closed sales dipped by 0.6 percent year over year, but dropped off by 29.5 percent versus December.
John Lam / Flickr 
10.8% increase in home prices
Pending sales of homes in Northwest Washington state fell for the first time since March 2016, declining 8.9 percent in February, largely due to a lack of inventory. The number of active listings during the month hit the lowest level since 2004.
Wonderlane / Flickr 1 / 9