What Makes a Market Hot? Realtor.com Finds Homes in the Most On-Demand Markets Spend Two to Four Weeks Less on Market
Realtor.com's February Hottest Markets Report reveals that homes in the most in-demand markets spend significantly less time listed compared to the national average. Properties in hot markets remained active for 33-51 days versus the national average of 66 days, attracting 2.0-4.2 times more viewers than typical U.S. homes.
The Northeast and Midwest markets have dominated the top 20 hottest markets for 17 consecutive months, characterized by higher demand and consistently lower inventory. Meanwhile, the West and South experienced substantial annual inventory increases of 37.4% and 29.9% respectively.
Despite persistent demand in hot markets, annual price growth softened to 0.9% in February, marking the lowest hot market price growth in the data's history. The largest 40 U.S. markets have cooled by an average of 10 spots compared to last year, though still attracting 14.8% more views per listing than the national average.
Il rapporto sui mercati più caldi di Realtor.com di febbraio rivela che le case nei mercati più richiesti rimangono in vendita per un tempo significativamente inferiore rispetto alla media nazionale. Le proprietà nei mercati caldi sono rimaste attive per 33-51 giorni, rispetto ai 66 giorni di media nazionale, attirando da 2,0 a 4,2 volte più visitatori rispetto alle abitazioni tipiche degli Stati Uniti.
I mercati del Nordest e del Midwest hanno dominato i primi 20 mercati più caldi per 17 mesi consecutivi, caratterizzati da una domanda più elevata e una disponibilità costantemente inferiore. Nel frattempo, il West e il Sud hanno registrato significativi aumenti annuali dell'inventario del 37,4% e del 29,9% rispettivamente.
Nonostante la domanda persistente nei mercati caldi, la crescita annuale dei prezzi si è attenuata allo 0,9% a febbraio, segnando la crescita dei prezzi nei mercati caldi più bassa nella storia dei dati. I 40 mercati più grandi degli Stati Uniti si sono raffreddati in media di 10 posizioni rispetto all'anno scorso, pur attirando il 14,8% di visualizzazioni in più per annuncio rispetto alla media nazionale.
El informe de los mercados más calientes de Realtor.com de febrero revela que las casas en los mercados más demandados pasan significativamente menos tiempo en el mercado en comparación con el promedio nacional. Las propiedades en mercados calientes permanecieron activas durante 33-51 días frente al promedio nacional de 66 días, atrayendo de 2.0 a 4.2 veces más espectadores que las casas típicas de EE. UU.
Los mercados del Noreste y del Medio Oeste han dominado los 20 mercados más calientes durante 17 meses consecutivos, caracterizados por una mayor demanda y un inventario consistentemente más bajo. Mientras tanto, el Oeste y el Sur experimentaron aumentos anuales significativos en el inventario del 37.4% y 29.9% respectivamente.
A pesar de la demanda persistente en los mercados calientes, el crecimiento anual de precios se suavizó al 0.9% en febrero, marcando el crecimiento de precios en el mercado caliente más bajo en la historia de los datos. Los 40 mercados más grandes de EE. UU. se han enfriado en promedio 10 posiciones en comparación con el año pasado, aunque aún atraen un 14.8% más de vistas por anuncio que el promedio nacional.
Realtor.com의 2월 가장 뜨거운 시장 보고서에 따르면, 수요가 많은 시장의 주택은 전국 평균에 비해 상당히 짧은 시간 동안 매물로 나와 있습니다. 뜨거운 시장의 부동산은 33-51일 동안 활성 상태를 유지했으며, 이는 전국 평균인 66일과 비교됩니다. 또한, 일반 미국 주택보다 2.0-4.2배 더 많은 조회수를 기록했습니다.
북동부와 중서부 시장은 17개월 연속으로 가장 뜨거운 20개 시장을 차지했으며, 이는 높은 수요와 지속적으로 낮은 재고로 특징지어집니다. 한편, 서부와 남부는 각각 37.4%와 29.9%의 연간 재고 증가를 경험했습니다.
뜨거운 시장에서 지속적인 수요에도 불구하고, 2월의 연간 가격 성장률은 0.9%로 둔화되었으며, 이는 데이터 역사상 가장 낮은 뜨거운 시장 가격 성장률입니다. 미국의 40대 시장은 작년과 비교해 평균 10위 하락했지만, 여전히 전국 평균보다 14.8% 더 많은 조회수를 기록하고 있습니다.
Le rapport sur les marchés les plus chauds de Realtor.com pour février révèle que les maisons dans les marchés les plus demandés passent significativement moins de temps sur le marché par rapport à la moyenne nationale. Les propriétés dans les marchés chauds sont restées actives pendant 33 à 51 jours, contre une moyenne nationale de 66 jours, attirant 2,0 à 4,2 fois plus de visiteurs que les maisons américaines typiques.
Les marchés du Nord-Est et du Midwest ont dominé les 20 marchés les plus chauds pendant 17 mois consécutifs, caractérisés par une demande plus élevée et un inventaire constamment plus bas. Pendant ce temps, l'Ouest et le Sud ont connu des augmentations annuelles de l'inventaire de 37,4 % et 29,9 % respectivement.
Malgré une demande persistante dans les marchés chauds, la croissance annuelle des prix a ralenti à 0,9 % en février, marquant la croissance des prix dans les marchés chauds la plus faible de l'histoire des données. Les 40 plus grands marchés américains ont refroidi en moyenne de 10 places par rapport à l'année dernière, tout en attirant encore 14,8 % de vues en plus par annonce que la moyenne nationale.
Der Februar-Bericht über die heißesten Märkte von Realtor.com zeigt, dass Immobilien in den gefragtesten Märkten deutlich weniger Zeit zum Verkauf stehen als der nationale Durchschnitt. Immobilien in heißen Märkten blieben 33-51 Tage aktiv, im Vergleich zum nationalen Durchschnitt von 66 Tagen, und zogen 2,0-4,2 Mal mehr Zuschauer an als typische US-Häuser.
Die Märkte im Nordosten und im Mittleren Westen dominieren seit 17 aufeinanderfolgenden Monaten die Top 20 der heißesten Märkte, gekennzeichnet durch eine höhere Nachfrage und konstant niedrigere Bestände. In der Zwischenzeit verzeichneten der Westen und der Süden erhebliche jährliche Bestandssteigerungen von 37,4% bzw. 29,9%.
Trotz der anhaltenden Nachfrage in heißen Märkten hat sich das jährliche Preiswachstum im Februar auf 0,9% abgeschwächt, was das niedrigste Preiswachstum in heißen Märkten in der Geschichte der Daten darstellt. Die 40 größten Märkte in den USA haben im Vergleich zum Vorjahr im Durchschnitt um 10 Plätze nachgelassen, ziehen jedoch immer noch 14,8% mehr Aufrufe pro Anzeige als der nationale Durchschnitt an.
- Higher viewer engagement: Hot market properties attract 2.0-4.2x more viewers
- Strong regional performance in Northeast and Midwest markets
- Large markets still drawing 14.8% more views than national average
- Annual price growth in hot markets dropped to historic low of 0.9%
- Largest 40 markets cooling trend continues for sixth consecutive month
- High mortgage rates (6%+) limiting buyer and seller activity
Over the last 17 months, only Northeast and Midwest markets have ranked in the top 20 hottest housing markets in the country
"Key cities in the Midwest and Northeast continue to see more demand, and homes in these cities spend less time on market," said Danielle Hale, chief economist, Realtor.com®. "Looking at markets by hotness tells us the strength of demand versus supply in each area relative to others and which markets heavily favor sellers. Competitive market conditions that are found in the hottest markets are good for sellers, but can make buying more difficult for hopeful homeowners. However, this month's report shows the willingness of households to seek out affordability. More than half of the hottest markets were priced lower than the national median, suggesting that the possibility of a good deal is a factor keeping these metros in-demand among persistent buyers."
Market Hotness Varies Greatly By Region
Markets in the Northeast and Midwest have dominated the top 20 hottest markets for the last 17 months. Over the past year and a half, markets in the Northeast and Midwest have seen higher demand and consistently lower inventory compared to other markets, which has contributed to their persistence on this ranking.
Although the dominance of the Northeast and Midwest feels long-standing, the hottest markets list was fairly well distributed before and during the early stages of the pandemic. Although historically, the South's generally abundant home supply has kept its hotness tempered.
The West and the South have seen the biggest annual increase in inventory compared to the other regions, with for-sale home options increasing
What does this mean for buyers and sellers?
The spring market is set to blossom in the coming weeks and should bring a pop in market activity, much to the delight of buyers and sellers alike. The country's hottest markets still see relatively high demand, but even these bustling markets saw annual price growth soften to
Though mortgage rates fell for a sixth-consecutive week, they remain in the high
Across the
The largest 40 markets across the
The most improved housing markets were
Table 1: Large Markets with the Biggest Jumps in Ranking
Metro | Hotness | Hotness | Viewers | Median | Days on | Median Days |
58 | -77 | 1.50 | 52 | -7 | -14 | |
206 | -48 | 0.90 | 68 | -1 | 2 | |
189 | -45 | 1.30 | 75 | 3 | 9 | |
101 | -44 | 0.90 | 41 | -3 | -25 | |
131 | -21 | 1.20 | 63 | 4 | -3 |
Table 2: February 2025 - Top 20 Hottest Housing Markets
Hottest Metros | Hotness | Hotness | Viewers | Median | Days on | Median |
1 | -6 | 4.2 | 38 | -3 | ||
2 | 1 | 3.5 | 39 | 16 | ||
3 | -2 | 2.5 | 36 | 2 | ||
3 | -27 | 3 | 40 | -10 | ||
5 | -7 | 2.4 | 37 | -3 | ||
6 | -4 | 3.2 | 43 | 1 | ||
6 | 2 | 2.7 | 39 | 10 | ||
8 | 5 | 3 | 41 | 9 | ||
9 | 1 | 2.2 | 33 | 0 | ||
10 | -3 | 3.1 | 44 | 1 | ||
11 | 2 | 2.4 | 39 | 1 | ||
11 | -17 | 2.3 | 38 | -6 | ||
13 | -3 | 3 | 44 | -1 | ||
14 | -6 | 2.1 | 36 | -1 | ||
15 | -6 | 2.1 | 37 | -1 | ||
15 | -12 | 3 | 45 | -2 | ||
17 | 3 | 2.7 | 43 | 2 | ||
18 | -7 | 2.1 | 39 | -2 | ||
19 | -4 | 2 | 41 | -1 | ||
20 | -29 | 2.8 | 51 | -8 |
Methodology
Realtor.com®'s Market Hotness rankings take into account two aspects of the housing market: 1) market demand, as measured by unique views per property on Realtor.com®, and 2) the pace of the market as measured by the number of days a listing remains active on Realtor.com®.
About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.
Media contact: Mallory Micetich, press@realtor.com
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SOURCE Realtor.com
FAQ
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