Double-digit annual price increases are occurring in housing markets across the country as buyer demand soars. But which housing markets are showing the strongest performance?
U.S. News & World Report examined 96 metro areas to identify the top housing markets for 2021. They factored in year-over-year gains in median home sales prices, the markets with some of the lowest drops in inventory (meaning more supply is available), median days on the market, and more.
The following are the markets that topped its list:
1. Seattle
- Median home price: $565,710
- Year-over-year price growth: 16.19%
- Year-over-year inventory growth: -8.36%
- Median days on market until pending: 21
2. Tucson, Ariz.
- Median home price: $256,980
- Year-over-year price growth: 16.05%
- Year-over-year inventory growth: -20.72%
- Median days on market until pending: 26
3. Sacramento, Calif.
- Median home price: $475,792
- Year-over-year price growth: 14.01%
- Year-over-year inventory growth: -23.94%
- Median days on market until pending: 22
4. Cincinnati
- Median home price: $207,865
- Year-over-year price growth: 13.78%
- Year-over-year inventory growth: -22.21%
- Median days on market until pending: 24
5. Boston
- Median home price: $535,850
- Year-over-year price growth: 14.59%
- Year-over-year inventory growth: -17.33%
- Median days on market until pending: 31
6. San Francisco
- Median home price: $895,760
- Year-over-year price growth: 12.93%
- Year-over-year inventory growth: 18.65%
- Median days on market until pending: 29
7. Wichita, Kan.
- Median home price: $174,430
- Year-over-year price growth: 13.67%
- Year-over-year inventory growth: -18.38%
- Median days on market until pending: 29
Source: “The Top Housing Markets in the U.S.,” U.S. News & World Report (Feb. 11, 2021)
