Two weeks ago, the Realtor.com 2016 Housing Forecast named St Louis as the Number 2 most bullish market for home sales and prices in 2016! Month after month, this national organization for Realtors uses their extensive data to determine the hottest markets in the US – where home buyers and sellers are the most motivated and active. They published the Top 10 real estate markets to watch in 2016 out of the 100 largest metros in the country based on surging demand. Realtor.com measured this demand by:
– More listing page views
– Inventory that sells faster
– Affordability
– Growing household formation
– Prosperous job market
– Low unemployment rates
Some of the old favorites, such as San Francisco, Denver and Dallas, did not make the cut due to slower price appreciation and even declining sales. Each of the markets on the list is in high demand, with 60% more listing page views than the US overall, and inventory that sells 16 days faster than the US average.
The top market to watch is Providence, RI. Numbers 3 thru 10 are: San Diego, Sacramento, Atlanta, New Orleans, Memphis, Charlotte, Virginia Beach and Boston.
St Louis has had its share of challenging events recently, but this surging demand documented and published by a very reputable national source indicates that we are moving forward as a region and even though we sometimes notice the negatives about ourselves more than the positives (it’s a St Louis thing), there are many more folks inside and outside of our region that are seeing us as a very desirable place to live. It is important that we keep this in mind.
Go St Louis!
Gary Hoeferkamp, Coldwell Banker Gundaker
314-821-5885 office…..314-440-2400 cell/text
garyhoeferkamp@gmail.com….www.GaryH.com
Gary Hoeferkamp, Broker - Owner of Hoeferkamp Real Estate 