Top 10 Hottest Housing Markets in April
Due to the pandemic’s disruption, the hottest housing markets in the U.S. may be described more accurately as lukewarm. Still, 10 cities rose above the rest on Realtor.com’s latest monthly ranking. They tended to be smaller, more affordable cities like Colorado Springs that are located close to more expensive ones. Realtor.com based its rankings based on where buyers view the most homes on its site, where homes are selling the fastest, and where properties spend the fewest days on market. See if your city made the list.
Despite the novel coronavirus throwing the global economy and U.S. housing markets into chaos, certain real estate markets are holding up better than others.
For the third month in a row, Colorado Springs, CO, was ranked the hottest market in the nation, according to a recent realtor.com® report. The monthly ranking is based on where buyers are clicking on the most home listings on realtor.com and where homes are selling the fastest, with the fewest number of days on the market.
"Colorado Springs has a lot of lower-priced homes for sale at the entry level," says Javier Vivas, director of economic research for realtor.com. "The market has something to offer for buyers of all different ages and income groups."