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This is according to a Redfin analysis of the 10 U.S. housing markets that have heated up most over the past year, and the 10 that have cooled down most. Redfin's ranking is based on year-over-year change in home prices, home sales, the share of homes that sold above their list price, the speed of home sales and Redfin.com searches.
Vacation towns and suburbs are heating up most
"Parts of
Rank |
|
Parent metro area |
Median sale price |
Median sale price, YoY change |
Median days on market |
Median days on market, YoY change (in days) |
Share of homes that sold above list price |
Net inflow of Redfin.com users searching in the area |
1 |
|
|
|
36% |
25 |
-50 |
37.4% |
2199 |
2 |
|
|
|
18% |
38 |
-50 |
49.7% |
720 |
3 |
|
|
|
24% |
8 |
-66 |
43% |
1818 |
4 |
|
|
|
22% |
16 |
-54 |
31.8% |
365 |
5 |
|
|
|
31% |
24 |
-46 |
36.7% |
1953 |
6 |
|
|
|
21% |
25 |
-38 |
44.4% |
810 |
7 |
|
|
|
23% |
32 |
-34 |
37.6% |
299 |
8 |
|
|
|
19% |
27 |
-27 |
39.5% |
1188 |
9 |
|
|
|
31% |
34 |
-40 |
36.3% |
683 |
10 |
|
|
|
29% |
46 |
-29 |
40.7% |
1191 |
That's an about-face from late 2018, 2019 and early 2020, when homebuyer interest in the areas surrounding
"Although single-family homes in residential parts of
To view the full report, including charts and methodology, please visit: https://www.redfin.com/news/hot-housing-market-pandemic-vacation-towns-suburbs/
About Redfin
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer's favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country's #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 95 markets in
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
View original content to download multimedia:http://www.prnewswire.com/news-releases/homebuyer-interest-in-vacation-towns-and-suburbs-has-soared-since-the-pandemic-301244295.html
SOURCE Redfin
Redfin Journalist Services: Isabelle Novak, 414-861-5861, press@redfin.com