The 8 Fastest Growing Housing Markets | Realtor Magazine
Home prices are rising the most in the Western and Southern portions of the United States, while the Northeast is seeing more moderate growth or even some declines, according to data from the National Association of REALTORS®.
24/7 Wall St. recently crunched NAR’s data, which is based on the median single-family home price changes over the year, to identify the fastest growing housing markets.
Which market emerged on top? Boulder, Colo., where home prices rose a whopping 18.5 percent in the last year. That said, more than half of the 25 fastest-growing housing markets on 24/7 Wall St.’s list are located either in California or Florida.
The following are the fastest growing housing markets:
1. Boulder, Colo.
- Change in median sales price (from 2015 Q2 to 2016 Q2): 18.5%
- Median sales price (2016 Q2): $549,600
2. Elmira, N.Y.
- Change in median sales price: 17.6%
- Median sales price (2016 Q2):$115,600
3. Springfield, Ill.
- Change in median sales price: 17.1%
- Median sales price (2016 Q2): $143,100
4. Port St. Lucie, Fla.
- Change in median sales price: 16.1%
- Median sales price (2016 Q2): $209,000
5. Cumberland, Md.-W.Va.
- Change in median sales price: 15.2%
- Median sales price (2016 Q2): $94,900
6. Rockford, Ill.
- Change in median sales price: 15.1%
- Median sales price (2016 Q2): $109,000
7. Deltona-Daytona Beach-Ormond Beach, Fla.
- Change in median sales price: 14.7%
- Median sales price (2016 Q2): $172,000
8. Tampa-St. Petersburg-Clearwater, Fla.
- Change in median sales price: 14.2%
- Median sales price (2016 Q2): $199,900