The steady increase in local home prices might have slowed, but Colorado Springs remained one of the nation’s top housing markets in January — ranking No. 5 out of 300 metro areas in Realtor.com’s monthly hotness index.Metro areas that ranked ahead of the Springs were Midland, Texas; Chico, Calif.; San Francisco-Oakland-Heyward; and Fort Wayne, Ind. Other Colorado rankings were Pueblo, No. 27; Denver-Aurora-Lakewood, No. 79; Fort Collins, No. 100; Boulder, No. 110; Grand Junction, No. 123; and Greeley, No. 140. Business US home sales tumbled 1.2 percent in January The Associated Press Realtor.com’s index is based on the number of online views received by homes for sale in each market, which indicates demand. Realtor.com, a California-based online real estate service, also ranks metro areas based on the median number of days that homes were on the market before selling. … [Read more...] about Colorado Springs ranks No. 5 in hottest housing markets, Realtor.com says
Hottest housing markets
First-time buyers face scramble in Twin Cities housing market
House listings in the Twin Cities are on the rise, but first-time buyers are snapping them up as quickly as they hit the market, setting the stage for another competitive spring market. At the current sales pace, there were only enough houses on the market last month to last 1.6 months, the lowest in a year, according to a January report from the Minneapolis Area Realtors (MAR). “We’re still very much undersupplied locally and nationally,” said MAR President Todd Urbanski. “We’re expecting 2019 to be a good year for both buyers and sellers.” During January, home sellers listed 4,359 properties, 8 percent more than last year and the fourth month in a row when listings increased. Though there were fewer closings than last year, buyers were out in force. Pending sales, an indication of future closings, increased a little more than 3 percent. With limited options for first-time buyers, sellers are still fetching nearly their entire asking price. The … [Read more...] about First-time buyers face scramble in Twin Cities housing market
Ranking the hottest housing markets in the Twin Cities – see how your neighborhood fared
Otsego Located in Anoka and Wright counties, Otsego ranked 1 on the Star Tribune's Hot Housing Index for 2018. Average price per square foot was up 20 percent compared to previous four-year average. Houses sold, on average, 2 days faster than the previous year. Sellers got, on average, 100 percent of their original list price. About 33 percent of the 537 sales were from new construction and less than 1 percent were short sales or foreclosures. Historical real estate trends in Otsego These key metrics provide a glimpse into how this real estate market has changed, particularly since the recession that lasted from December 2007 to June 2009. Median days on market Annual closed sales Homes for sale How Otsego compares to the rest of the metro The histogram charts below use U.S. Census data to show where this city (noted by the blue lines) falls in relation to other cities in the 13-county metro area on key measures regarding all of its housing and household incomes. … [Read more...] about Ranking the hottest housing markets in the Twin Cities – see how your neighborhood fared
Colorado Springs ranks No. 6 among nation’s hottest housing markets for November
Colorado Springs came in at No. 6 in November among Realtor.com's top 20 housing markets nationwide, a ranking that was unchanged from October.The Springs has made the Realtor.com "hottest markets" list several times in recent months, as the area's surging economy and job growth have heightened the demand for housing. That's led to strong home sales and rising prices.Realtor.com, a California-based online real estate service, looks at 300 markets nationwide and ranks them based on the number of online views of homes listed for sale in each city — an indicator of demand. Realtor.com also ranks areas based on the median number of days that homes stayed on the market before selling.The top five markets in Realtor.com's November rankings were Midland, Texas; Fort Wayne, Ind.; Columbus, Ohio; Odessa, Texas; and the Boston metro area.Last week, Trulia, another online service, predicted Colorado Springs would be the nation's No. 1 housing market in 2019. … [Read more...] about Colorado Springs ranks No. 6 among nation’s hottest housing markets for November
Colorado Springs could be No. 1 housing market in U.S., according to report
Colorado Springs’ housing market has ranked as one of the country’s hottest during much of 2018 because of strong demand and rising prices, according to national publications and real estate groups.Next year, it could be No. 1 in the nation.In its annual report that looks at housing markets to watch, online real estate service Trulia ranks Colorado Springs as the No. 1 market poised for growth in 2019. That ranking indicates sales and prices could remain on the upswing in the Springs next year.“Colorado’s still a beautiful place to come to and still has a reasonably good quality of life and those factors alone will continue to bring people here,” said Doug Barber, broker-owner of the Rawhide Co. Realtors in Colorado Springs. Colorado Springs home prices rise at one of fastest clips in U.S.Trulia looked at the nation’s 100 largest housing markets and ranked them based on five indicators: job growth over the past year; a tight supply of rental … [Read more...] about Colorado Springs could be No. 1 housing market in U.S., according to report