Realtor.com®: 10 Standout Markets for 2022
With the rise in remote work, many people can better prioritize affordability when moving to new locations. But realtor.com® researchers also note that not all the places on their list of hottest markets for 2022 are affordable. The average listing price in the top 10 cities was $431,000 in November, which was higher than the national median price of $379,000. However, these markets may offer more housing options.
Nevertheless, expect a lot of competition in these emerging markets in 2022, Hale says. “Buyers in these areas can look forward to a competitive market that will require a focused approach,” she notes. “Don’t get carried away in a bidding war.”
Realtor.com®’s research team analyzed data on expected growth of home sales and prices in 2022 compared to the year prior in the 100 largest metro areas. They factored in past sales prices, the number of sales and amount of new construction, and economic, household, and income growth. Here are the 10 markets on their hot list for 2022:
1. Salt Lake City
- Median home price: $564,062
- Anticipated price growth: 8.5%
- Anticipated sales growth: 15.2%
2. Boise, Idaho
- Median home price: $503,959
- Anticipated price growth: 7.9%
- Anticipated sales growth: 12.9%
3. Spokane, Wash.
- Median home price: $419,803
- Anticipated price growth: 7.7%
- Anticipated sales growth: 12.8%
4. Indianapolis
- Median home price: $272,401
- Anticipated price growth: 5.5%
- Anticipated sales growth: 14.8%
5. Columbus, Ohio
- Median home price: $298,523
- Anticipated price growth: 6.3%
- Anticipated sales growth: 13.7%
6. Providence, R.I.
- Median home price: $419,813
- Anticipated price growth: 9.6%
- Anticipated sales growth: 8.1%
7. Greenville, S.C.
- Median home price: $305,078
- Anticipated price growth: 5.7%
- Anticipated sales growth: 11.4%
8. Seattle
- Median home price: $666,754
- Anticipated price growth: 7.5%
- Anticipated sales growth: 9.6%
9. Worcester, Mass.
- Median home price: $397,188
- Anticipated price growth: 8.2%
- Anticipated sales growth: 8.4%
10. Tampa, Fla.
- Median home price: $335,814
- Anticipated price growth: 6.8%
- Anticipated sales growth: 9.6%
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