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Real Estate

And the top real estate market for 2017 will be…

Top 10 markets for next year

The National Association of Realtors, the Mortgage Bankers AssociationFannie Mae and Freddie Mac predict that home sales are going to heat up in 2017, and a new report from realtor.com shows just which markets will see most of that heat.

According to the new report, the West will continue to see the hottest markets in 2017, leading the nation in prices and sales, according to an article by Cicely Wedgeworth for realtor.com.

“The top 10 markets all benefit from strong growth dynamics: population, jobs and households,” realtor.com Chief Economist Jonathan Smoke said. “They all have low unemployment that’s heading lower, which buoys consumer confidence.”

The top 10 are forecast to see average price gains of 5.8% and sales growth of 6.3%, exceeding next year’s anticipated national growth of 3.9% and 1.9%, respectively.

The top 10 hottests metros for 2017 are found by averaging realtor.com's forecasted price and home sales growth for the year. 

10. Portland, Oregon

Price growth: 6.55%

Sales growth: 5.02%

Portland city

9. Tucson, Arizona

Price growth: 6.1%

Sales growth: 5.47%

Arizona houses

8. Raleigh, North Carolina

Price growth: 4.16%

Sales growth: 7.55%

North Carolina

7. Orlando, Florida

Price growth: 5.69%

Sales growth: 6.1%

Florida

6. Jacksonville, Florida

Price growth: 4.79%

Sales growth: 7.03%

Florida beach sand water

5. Riverside, California

Price growth: 4.98%

Sales growth: 6.88%

California flag

4. Sacramento, California

Price growth: 7.18%

Sales growth: 4.92%

California

3. Boston

Price growth: 6.09%

Sales growth: 6.32%

Boston skyline from water

2. Los Angeles

Price growth: 6.9%

Sales growth: 6.03%

Skyline

1. Phoenix

Price growth: 5.94%

Sales growth: 7.24%

Arizona

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