REALTOR.COM REVEALS 2024’S TOP HOUSING MARKETS

As sales prices and mortgage rates slowly start to come down, potential home buyers are ready. And it turns out, some areas that have seen substantial declines in home sales will be seeing that turn around in the year ahead. Realtor.com’s 2024 Top Housing Markets Forecast has just come out, revealing where these rebounds will be happening.

  • According to their latest research, despite the challenging homebuying environment, 49% of first-time home buyers think buying is better than renting in 2024.
  • Three-quarters (76%) still believe the dream of home ownership can be achieved.
  • Those looking to buy their first home in the next 12 months have been saving for an average of two years and 40% of them think they’ll be able to afford a home within the next year.
  • Realtor.com reports that the top housing market for 2024 is Toledo, Ohio, where the average anticipated sales growth is 14%.
  • Five of the top 10 markets are in Southern California and they’re expected to see an estimated average sales growth of 13.1% in 2024.

Realtor.com’s 2024 Top Housing Markets and their expected average sales growth

  1. Toledo, Ohio 14%
  2. Oxnard-Thousand Oaks-Ventura, California 18%
  3. Rochester, New York 6.2%
  4. San Diego-Chula Vista-Carlsbad, California 11%
  5. Riverside-San Bernardino-Ontario, California 13.8%
  6. Bakersfield, California 13.4%
  7. Springfield, Massachusetts 10.5%
  8. Worcester, Massachusetts-Connecticut 9.1%
  9. Grand Rapids-Kentwood, Michigan 6.1%
  10. Los Angeles-Long Beach-Anaheim, California 9.2%

Source: Realtor.com

Photo: nycshooter / iStock / Getty Images


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