Top 20 Hottest Real Estate Markets in May 2015

Great news, if you are looking to buy or sell in these markets! Even Columbus, Ohio jumped 3 spots in May from last month to reach the top 20.  The biggest dancers in May were Colorado, California, Texas, and surprisingly Michigan.  When looking at economical data, it appears parts of Michigan are seeing a strong recovery.  This recovery is being led by recents grads or first-time homebuyers. The Detrioit suburb area has very afforable housing prices, and has become very attractive to the younger generation.

“On the demand side, we are seeing traffic and searches on realtor.com® continue to set new highs,” said their chief economist, Jonathan Smoke, who did a preliminary analysis of their site’s data in May. Visits and searches are expected to be up more than 50% and 35%, respectively, year over year.”

We can say the same thing about rsre.com, unique pageviews are up 22% in the last 4 months to date. The expectation is to continue seeing growth in web site traffic. The sellers are finally getting comfortable to sell so they can downsize or upsize. But the biggest help is coming from the buyers.  First time home buyers especially are buying their first home with interest around 4%. Just a decade ago, that wouldnt of been a reality.

Another suprising factor in the top 20 was Fargo, North Dakota.  The oil industry has taken a hit in 2015, but so the housing market has been able to stay in the top 20 of the nation. It will be interesting to see what that market does through the second half of 2015.

This was originally plubished by realtor.com ( The Chart )