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Seattle’s culinary and tech scenes, along with a National Association of REALTORS (NAR) affordability index of 110.62, combine to make one of the liveliest housing markets in the country. This is a well-known fact; in fact, Americans aren’t the only ones gravitating to the rainy city, foreign real estate investors are gobbling up the Pacific Northwest real estate at an increasing rate. But just how hot is Seattle?
This week Auction.com, the premier American online housing marketplace, released its Top Single-Family Housing Markets Report for fall 2015. The report lists the 50 hottest housing markets in the country according to current and projected housing figures.
On the list Seattle appears at number one, followed by Fort Lauderdale, Orlando, Palm Beach County and Portland, respectively. In their press release Auction.com delineates, “These markets had the best combination of rising home prices, favorable affordability and strong housing demand, combined with strong economic and demographic conditions that point to future demand.”
Of the top five cities in the list’s spring installment earlier this year, only Fort Lauderdale remains in the first five spots, improving from fourth to second place. Denver dropped from first to ninth place, San Antonio from second to 17th, Nashville from third to seventh and Dallas from fifth to 19th.
The report goes on to outline that Seattle and Portland benefit from healthy housing demands coupled with powerful economies, due in no small part to their tech scenes. Having three cities in the top five is exceptionally encouraging Florida, and the state’s potential for continued buzzing housing markets is evident.
The top 10 list is rounded out by Columbus, Nashville, Charlotte, Denver and Oakland, respectively.
To learn more about the report or see the list in full, please click here.