Too hot to handle
Boston homebuyers, beware. According to new data from Realtor.com, Beantown lays claim to the nation’s hottest housing market. Homes in the city see significantly more views per property and fewer days on the market than the national average.
Verify your new rateThe country’s hottest housing markets
According to Realtor.com, Boston was the housing market to watch in April. The city came in at No. 1 on the site’s Hottest Markets list, with a median 32 days on the market and a $567K median listing price — up 7 percent over last year.
Indiana’s Lafayette came in second, with a median 32 days on the market and a median listing price of $227K. Though it’s not the city’s first time on the hot list, it does mark its first time in the top three.
As Sabrina Speianu, Realtor.com’s senior economic research analyst, explains, “It has moved up 18 spots over the past year, as its median days on market decreased by 4 days and its listing views per property increased by 15 percent.”
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Rounding out the top 10 were Spokane, Washington; Columbus, Ohio; Sacramento, California; Midland, Texas; Rochester, New York; Colorado Springs, Colorado; Odessa, Texas; and Worcester, Massachusetts.
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Realtor.com also ranked the nation’s most improved housing market, with Cleveland, Ohio, taking spot No. 1. The city climbed 38 spots and saw a four-day decrease in selling time.
Philadelphia also saw big improvements, jumping 30 spots for the month. Median days on market decreased by a full week in the city, and listing prices were up 10 percent over the year.
Other cities on the most improved list were Cincinnati, Pittsburgh and Orlando, Florida. All five cities have a median list price around or lower than the national average ($310,000).
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