The Hottest Housing Markets in the Nation: April Edition
Realtor.com® bases its monthly housing market rankings on two key factors: which markets' home listings sites are being frequented the most and where homes are selling the fastest.
In Colorado Springs, homes sold on an average of 32 days in April, which is twice as fast as the rest of the nation. The city's listings also received twice as many online views than the national average.
Javier Vivas, director of economic research for realtor.com®, said: "We're seeing the continuation of earlier trends where we don't expect the smaller, more affordable markets to cool down anytime soon [...] For markets to remain hot, they'll need to have an abundant supply of homes and a thriving job market."
While the COVID-19 pandemic is still impacting housing markets nationwide, data suggests that, "homebuying demand has been pushed out of the bigger cities and into adjacent, [smaller] cities that tend to be lower-priced,” Vivas continued.
And so, the hottest housing markets in April were:
Colorado Springs, Colorado
Fort Wayne, Indiana
Manchester, New Hampshire