Housing markets in the western part of the US remain hot. Data released Tuesday by the brokerage firm Zillow showed that eight of the 10 hottest US markets are located west of the Mississippi River, including five in California.
ADVERTISEMENT
Homes in these 10 markets are selling like hotcakes
The 10 hottest housing markets in the US, taking into account days on the market and percentage of houses with price cuts.
null
ADVERTISEMENT
"The overall recovery has been more robust in many coastal markets, especially on the West Coast, with fast home value appreciation, strong job growth, and solid income gains," Zillow's chief economist, Dr. Svenja Gudell, said. "Many of these markets are also experiencing above-average housing demand coupled with limited inventory, putting sellers in the driver's seat."
Here's a look at the 10 hottest housing markets in the US, taking into account days on the market and percentage of houses with price cuts.
10. Boston
ADVERTISEMENT
Days homes are listed on Zillow: 74
Percent of listings with price cut: 8.9%
Source: Zillow
9. Charlotte, North Carolina
ADVERTISEMENT
Percent of listings with price cut: 8.6%
Source: Zillow
8. San Diego
Percent of listings with price cut: 9.0%
ADVERTISEMENT
Source: Zillow
7. Los Angeles
Percent of listings with price cut: 7.9%
Source: Zillow
ADVERTISEMENT
6. Portland, Oregon
Days homes are listed on Zillow: 64
Percent of listings with price cut: 7.7%
Source: Zillow
5. Sacramento, California
ADVERTISEMENT
Percent of listings with price cut: 7.5%
Source: Zillow
4. Seattle
ADVERTISEMENT
Percent of listings with price cut: 6.6%
Source: Zillow
3. Denver
Percent of listings with price cut: 6.5%
ADVERTISEMENT
Source: Zillow
2. San Jose, California
Percent of listings with price cut: 6.0%
Source: Zillow
ADVERTISEMENT
1. San Francisco
Percent of listings with price cut: 5.4%
Source: Zillow
NOW CHECK OUT:
ADVERTISEMENT
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Offshore sportsbooks and best sports betting sites
Top 5 African cities with the most unaffordable real estate in 2024
US says it is still engaged with West African juntas
Opinion Piece: Accelerating sustainable development goals through better agricultural risk management
Zimbabwe is set to honor Russian victory with a monument
Top cross-border payment companies in Africa on recent global ranking
Studio Monkey in collaboration with Worldwide FM and Gilles Peterson launches initiative to support grassroot music communities
NexaScale marks one-year milestone with visionary initiatives empowering Africa's youth for the future of work