Top 10 Hottest Housing Markets in The United States

So the housing market is in the dumps, is it? These 10 communities in the country are telling a completely different story as housing costs are going up. Never forget that while there are macro trends in real estate they do not affect all communities equally. The media will lump this nebulous concept of real estate into 1 big bucket because it makes things easy for them, but do not get sucked into their malaise.

Every real estate market is different, and in each real estate market you will have hundreds of micro trends. If the people in Salt Lake City were listening to the media they would be giving their homes away, but instead they are enjoying a 21 percent increase in value.

You should take that as a lesson and find out exactly what is happening in your town or city before listing, you maybe surprised that the bleak news coming from your television bears no resemblance to the reality of the realty market.


Top 10 Hottest Housing Markets in The United States

Salt Lake City, Utah
Median Home Price: $233,100
One-Year Increase: 21.9%
Binghamton, N.Y.
Median Home Price: $111,200
One-Year Increase: 19.8%
Salem, Ore.
Median Home Price: $227,900
One-Year Increase: 16.7%
Farmington, N.M.
Median Home Price: 201,900
One-Year Increase: 14.0%
Allentown-Bethlehem-Easton, Pa.-N.J.
Median Home Price: $274,500
One-Year Increase: 12.8%
Beaumont-Port Arthur, Texas
Median Home Price: $127,700
One-Year Increase: 11.8%
Reading, Pa.
Median Home Price: $157,800
One-Year Increase: 11.2%
Glens Falls, N.Y.
Median Home Price: $175,700
One-Year Increase: 10.7%
Spokane, Wash.
Median Home Price: $197,700
One-Year Increase: 10.4%
Cumberland, Md.-W.Va.
Median Home Price: $109,300
One-Year Increase: 9.3%