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
Africa's gaming gold rush: Unveiling the surge in online gambling
Seven African countries added to Meta's AI service coverage
10 African countries with the lowest inflation rates in 2024
Davido launches his label Nine+ in partnership with UnitedMasters
Nigeria's economic ranking drops to fourth in Africa
Moscow inaugurates its House of Africa
The CBN justifies $2b billion loss in forex, dispelling Naira defense claims
10 best airports in Africa in 2024