Other perks in the area are the top-notch schools, which draw families. “Phoenix has a mix of retirees and younger people” moving in, says Hale. An Eye-Opening Timeline of Prince Harry and Meghan Markle’s Many Homes—Oh, How Far They’ve Come! 2021 real estate market is predicted to remain sizzling hot affecting housing affordability. Wow, 2020 was a challenging year. New York-Newark-Jersey City, N.Y.-N.J.-Pa. Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home', Selling Your Home? Boise is an underrated American city but many people have caught on to its appeal. In cases of a tie, Sales Growth y/y was used as a tiebreaker. with Los Angeles ($556 per sq.ft.).Â. The area’s booming tech scene, high quality of life, and access to both the water and mountains draws a crowd from all over the country. It’s also become a popular destination for retirees seeking warm weather and a reasonable cost of living, but who don’t want to travel all the way to Florida. Sacramento takes first place on this year’s top markets list. Harrisburg is more rural, but we have good restaurants, theater, museums, and shopping.”. The median condo sales price rose to $419,400, … In cases of a tie, Sales Growth y/y was used as a tiebreaker. # 5 in Fastest-Growing Places. Even as more workers embrace telecommuting, the area remains home to companies such as Google, Apple, Facebook, LinkedIn—and even realtor.com. Harrisburg boasts a strong job market not only for government employees working at the state capital, but those in healthcare and shipping industries as well. The area draws a diverse crowd ranging from first time homebuyers to empty nesters looking to downsize. It’s an “alternative to the downtown Los Angeles area. Real prices increased 2.93% in Q3 2020, bringing them 8.27% higher than the same quarter a year before. Ranking is based on the combined yearly percentage growth in … She previously wrote for a Financial Times publication, the New York Daily News, and the Associated Press. Boise offers residents a mild four season climate, a vibrant revitalized downtown with plenty of entertainment, as well as a plethora of restaurants and boutique shopping. San Jose, in the heart of Silicon Valley, is expected to remain one of the nation’s most expensive metros due to the tech industry. On average, the top 10 markets have a larger share of younger households, aged 25 to 34, (14.1%) than the U.S. as a whole (13.5%). Contact her at clare.trapasso@realtor.com. Or they can venture out to the suburbs, where they can get a four-bedroom, three-bathroom home for nearly $450,000. San Francisco housing market off to hot start in 2021. Indianapolis Real Estate Market Trends & Statistics 2021 In this section, you’ll learn about the top factors that make Indianapolis one of the strongest real estate markets today, including: affordability, cash flow, population growth, and job growth. Tech salaries in Sacramento, San Jose, Boise, Denver, and Seattle have driven home prices through the roof over the last several years and this trend is expected to continue in 2021. “It’s far enough away [from the Bay Area] that homes are more affordable,” says Hale. 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It’s not exactly a surprise that Seattle made this list. As the area’s popularity grows, builders are trying to keep up with new construction. The housing market now “is the craziest we’ve ever seen,” says Ostrom, of Coldwell Banker Realty. The area has also gotten a boost from its growing tech industry. The metro area that gave us Microsoft is now also home to online retail giant Amazon as well as Starbucks and Costco. 2021 Land Real Estate Survey: Market Trends, Growth Insights from Nation’s Leading Land Brokerage, Brokers See Increased Business, Land Values Uptick They estimate that the probability of rising home prices in Boston, MA is 78% during this period. Unsurprisingly, the area’s strong economy and top notch school system, including Lynbrook High School (10/10 greatschools.org), lure top tech talent from all over the country. Some Lesser-Known but Growing Real Estate Markets 4 Housing Markets Real Estate Agents Should be Watching. Canadian real estate prices are still growing at a breakneck speed. New and growing families will find a strong school system, including Greenwood Elementary School which scored a perfect 10/10 on greatschools.org, as well as four other schools which received scores of 9/10. Plus, there’s some great skiing nearby. The high number of millennials in the market shows how popular these markets have become, but older, more financially established generations will be the ones purchasing the majority of the homes next year. Phoenix was No. Yet this rapidly expanding state capital has managed to hang on to its Western charm while cultivating a world-class dining, entertainment, and arts scene. They would pay more than double for that same piece of real estate in many parts of the Bay Area. With access to both the beach and mountains, Charlotte has something for everyone, including kayaking along the Catawba River and hiking the Carolina Thread Trail. That’s appealing to first-time and younger buyers as well as younger families looking for good schools. 2021 Land Real Estate Survey: Market Trends, Growth Insights from Nation’s Leading Land Brokerage ... National Land Realty (NLR) is the nation’s fastest growing real estate … The area’s high quality of life, great weather, strong school system including, (10/10 greatschools.org) and rich history draw a diverse mix of both young and old buyers. }); CHIEF ECONOMIST “It has a fair share of tech jobs and attracts more younger people than most people realize.”, Median home price: $262,000 Anticipated home price change: 3.8% Number of home sales: 14.4%. So, for now, we have a median price of $353,000 and an … But the fast-rising prices have pushed some buyers out to the suburbs as well as smaller, nearby cities such as Boulder, Fort Collins, and Colorado Springs. Tacoma is but one of several cities in Washington state that made this list of top housing markets in watch in 2021. “People are wanting to leave those bigger areas, and they want to move into an area that is more rural. The area’s high quality of life, great weather, strong school system including Providence High (10/10 greatschools.org) and rich history draw a diverse mix of both young and old buyers. ©1995-2021 National Association of REALTORS® and Move, Inc. All rights reserved.realtor.com® is the official site of the National Association of REALTORS® and is operated by Move, Inc., a subsidiary of News Corp. Sacramento–Roseville–Arden-Arcade, Calif. Sacramento takes first place on this year’s top markets list. Denver’s high quality of life is a major draw for many residents, as well as all the amenities of downtown. Fastest-Growing Private Companies in the Bay Area 2021 The most popular city for 2021 is Austin, Texas, according to a new report from Zillow, which surveyed a panel of economists and real estate experts. MADISON, N.J., March 9, 2021 /PRNewswire/ -- Announced today, Century 21 Real Estate LLC, has been named the #1 Fastest Growing Franchise in the Entrepreneur 2021 list of the Fastest Growing Franchises, published in the magazine's March issue. The area’s high quality of life and strong economy draw people from all over the country, with the biggest influx coming from Washington, Oregon and California. The strong government presence in these areas offers stability for their local economy and jobs markets. View All 110 Photos. Buyers in search of a good deal can still find two-bedroom, one-bathroom townhomes within the city limits for $350,000. Harrisburg’s appeal may lie in its location. Buyers in Oxnard pay a median $413 per square foot for housing—compared with $556 in L.A. That’s a whole lot more house for the money. MOVEAnalytics.trackPage("research:2021_top_markets_forecast", { “Denver is cheaper than California, and a lot of people from California are going to Denver for that affordability,” says Hale. How will Philippines’ real estate market perform in 2021? Economic momentum from the thriving tech industry, coupled with healthier levels of supply, will position these markets for growth in 2021. Like many of the other markets on this list, the area is drawing buyers from the West Coast seeking affordability. Known as the “Horse Capital of the World,” Ocala maintains deep equestrian roots even as the area evolves into a diverse... Read More. Without a ton of room for new construction, inventory in the area is tight, so serious buyers should expect to pay above asking price. Â, Rounding out the top three on this year’s top markets list is Charlotte. Due to the increased freedom to work remotely, buyers from the San Francisco Bay Area are flocking to California’s state capital for the increased affordability, without having to completely uproot their lives in Northern California. For Many, It Didn’t. … [Many] of the markets on our list are the places that tech workers leaving the Bay Area look to relocate to.”, To come up with the ranking, Hale’s team factored in past sale prices and number of sales; the rate of new construction; and previous and anticipated economic, household, and income growth in the 100 largest metropolitan areas. Next year’s hottest market is expected to be none other than the sleepy capital of California, about 90 minutes northeast of San Francisco. This is especially true for first time homebuyers.Â, Arizona’s state capital has become a magnet for both younger buyers looking to take advantage of the affordable cost of living, as well as retirees who want to soak up the sun. The area’s high quality of life and strong economy draw people from all over the country, with the biggest influx coming from Washington, Oregon and California. Median home price: $475,050 Anticipated home price change: 5.5% Number of home sales: 12.4%. Subscribe to our mailing list to receive monthly updates and notifications on the latest data and research. “[It’s] a close enough alternative to the city of Los Angeles that gives buyers a lot more bang for their buck.”. Fastest Growing REIT: American Tower Corp. By Chuck Carnevale of F.A.S.T. You could see just how quickly the world will recover from this deadly pandemic, get the winning lottery numbers—and learn just which real estate markets will be a solid investment. Farmers in the area grow strawberries and lima beans and the annual Strawberry Festival is a big draw for Southern California locals. Boise offers residents a mild four season climate, a vibrant revitalized downtown with plenty of entertainment, as well as a plethora of restaurants and boutique shopping. And there are plenty of government, shipping, and health care jobs to be found locally. Seven of the metros that cracked the top 10 are either established or burgeoning tech hubs. can find increased space and affordability in Harrisburg ($122 per sq.ft. 1 in 2020 and No. Ranking is based on the combined yearly percentage growth in both home sales and prices expected in 2021 among the top 100 largest markets in the country per realtor.com’s metro level housing forecast. And buyers can still score deals on homes, including this four-bedroom, 2.5-bathroom abode for $250,000. Driven by high home prices and the desire for more space, buyers are beginning to search for homes further from the downtown center. Though it’s not one of the most expensive markets on this list, the most affordable homes in this area have seen a pretty significant increase in price since 2018, making it more difficult for first-time buyers to find homes within their price range. What is the secret to the success of Idaho’s capital? That makes it especially attractive to younger and first-time buyers who are priced out of the larger cities. Many of these new residents are white-collar workers who are now able to work remotely, but don’t want to venture too far from their offices. Sorry, we were unable to share this article, four-bedroom, three-bathroom, single-family abode, ranked No. Prices in the Inland Empire city, along the Santa Ana River, are less than half of the $997,000 median price tag in the L.A. metro area. Millennials in particular have been drawn to the area as both first time homebuyers and move-up buyers looking for more space for their growing families. In Sacramento, folks can score homes at $284 per square foot—compared with $679 in San Francisco. Oxnard is like Los Angeles’ less flashy cousin, maybe once removed. This is especially important after a year when a global pandemic has significantly disrupted local economies across the nation. 12.7%. This past year, we’ve all become more reliant on technology to work, learn, and maintain personal connections. People are looking for more space and more affordability,” says realtor.com’s Hale. Millennials are beginning to transition from the downtown city center toward the suburbs as they raise families and take advantage of the increased affordability and extra space. Housing supply has been tight, but new construction is booming as builders try to meet current demand. Don't Neglect These 6 Maintenance Tasks—or Else, Debunked! In response, builders have launched a herculean effort to put up new housing to meet that demand. Recently, the area has seen a large influx of people from pricey West Coast markets — San Francisco, Seattle and Portland. Buyers with a bit more cash can score beach houses for a bit less than what they would pay in Malibu or Santa Monica—although these are still typically million-dollar-plus properties. Without a ton of room for new construction, inventory in the area is tight, so serious buyers should expect to pay above asking price. Â, Rounding out the top three on this year’s top markets list is Charlotte. Outdoor enthusiasts are drawn to the area’s adrenaline pumping outdoor activities such as white water rafting and four different ski resorts. In fact, home prices in eight of the top 10 markets are more expensive than the average of the top 100 markets. Half of the top markets are state capitals, including: Sacramento, Boise, Phoenix, Harrisburg and Denver. For roughly $500,000, buyers lucky enough to find a home can score a four-bedroom, three-bathroom, single-family abode in the suburbs. Take a deeper dive into the Austin real estate market, as well as other cities in the region: South Central Real Estate Market Trends Back to the top #3: Madison, Wisconsin Thanks to its affordability, the area has seen a boost in demand from buyers seeking relief from Los Angeles and Orange County home prices. It lies in the Pittsburgh metro area, and it’s joined by three other Pittsburgh satellites in the top 100 hottest real estate markets in 2021: Whitaker, Wilkinsburg, and Ambridge. Jan. 15, 2021 12:00 a.m. Business “But it’s close enough that, if people are working occasionally from the office, they can get in.”. Knoxville’s real estate market growth will be fairly moderate across the board, with a 1.6% increase in home sales and a 1.3% increase in home prices. Housing supply has been tight, but new construction is booming as builders try to meet current demand. Many young families are also drawn to Sacramento for the area’s strong school system, including West Campus high school which has a 99% graduation rate and received a 10/10 on greatschools.org. With so much that happened across the country, you might be wondering how it’ll impact real estate trends in 2021. 5.7%. Ocala, FL. Half are state capitals, and four are in California, where prices just keep on accelerating. There are plenty of highly rated schools. New construction has been booming in Boise over the past few years as builders scramble to keep up with rising demand. Sales are to increase 13.1% annually versus 7%. Realtor.com’s top 10 housing markets for 2021 have substantial momentum from 2020 which they will carry into 2021. Millennials are beginning to transition from the downtown city center toward the suburbs as they raise families and take advantage of the increased affordability and extra space. Home buyers, particularly younger first-time buyers, looking in one of these markets should expect rising prices and heavy competition. And it provides easy access to both the beach and the mountains. Riverside draws many people who want to take advantage of Southern California’s temperate weather, but don’t want to pay Los Angeles or Orange County home prices. Due to the area’s spike in demand, home prices have grown rapidly, causing many first time home buyers to search further out from the downtown center.Â, Located in the Inland Empire, Riverside, Calif., is named for its location along the Santa Ana River. Retirees also like it because they can sell their homes on the coast, pocket the proceeds, and buy nice residences for much less in Boise. Buyers cooped up for months on end during the pandemic and eager to spread out can find larger homes on bigger plots of land in the area. Due to Southern California’s high cost of living, Riverside’s relative affordability and strong school system including Riverside Stem Academy (9/10 greatschools.org), have made it a popular destination for first time homebuyers, growing families, and retirees.  Â. It’s the only metro on our list to have a median list price less than the national median. */
. The state capital of Arizona is another one of those cities that appeal equally to millennials and retirees thanks to its dry heat, reasonable cost of living, and plethora of golf courses (more than 400 to choose from). Miami-Fort Lauderdale-West Palm Beach, Fla. Virginia Beach-Norfolk-Newport News, Va.-N.C. Nashville-Davidson–Murfreesboro–Franklin, Tenn. Minneapolis-St. Paul-Bloomington, Minn.-Wis. Little Rock-North Little Rock-Conway, Ark. Median home price: $554,000 Anticipated home price change: 7.4% Number of home sales: 17.2%. 5 Things You Didn’t Know a VA Loan Could Do for You, Priced at $25M, New Hampshire’s Most Expensive Listing Includes a Historic Horse Farm, Trump Family’s $49M Palm Beach Mansion Is the Week’s Most Popular Home, One Year Into the Pandemic, Our Outlook on Home Has Totally Changed—Possibly Forever. “The housing markets in tech towns are thriving because that industry is doing well,” says realtor.com Chief Economist Danielle Hale. About 70% of longtime Sacramento-area real estate agent Steve Ostrom‘s clients are out-of-towners—compared with about half last year. Additionally, areas such as Charlotte and Phoenix are quickly establishing themselves as rising tech hubs with a plethora of jobs in technology, as well as education, government and healthcare. The annual growth is now the biggest of the G7 countries. 7 on 2018’s top markets list.Â, Idaho’s capital city is firmly establishing itself as a rising tech hub in the U.S. The technology hubs that make this possible are thriving, as are their housing markets. In a growing & saturated market, it can be hard to find the best real estate marketing companies that can help you grow your brand, get more leads, and simply help you close more deals.. Marketing Technology News: MarTech Interview with Allison Metcalfe, Chief Revenue Officer, Demandbase That is why we have selected The 10 Best Real Estate Marketing Companies of 2021.