These are the ten housing markets with the highest growth in the United States
The four US housing markets were affected the most by oversupply.
Although the housing market has finally slowed, some areas across the United States are still hot, and buyers are still paying far more than the homes are worth.
Florida Atlantic University identified the pricier housing markets in the nation by comparing projected average home values based on historical trends to average list prices across the 100 largest metro areas and finding the cities with the largest percent differences between the two.
Here's a look at the ten most expensive housing markets in the United States, ranked from lowest to most expensive.
10. Nashville, Tennessee
Average listing price: $420,932
Projected home value: $296,827
Difference between home value and list price: 41.81%
I'm a Real Estate Agent: Here are eight buyers who want renovations the most in 2023
9. Tampa, Florida
Average listing price: $361,065
Projected home value: $252,643
Difference between home value and list price: 42.9%
8. Deltona, Florida
Average listing price: $334,978
Estimated home value: $233,050
Difference between home value and list price: 43.74%
7. Detroit
Average listing price: $226,101
Projected home value: $157,046
Difference between home value and list price: 43.97%
6. Palm Bay, Florida
Average listing price: $345,520
Projected home value: $238,308
Difference between home value and list price: 44.99%
5. Lakeland, Florida
Average listing price: $303,766
Estimated home value: $209,260
Difference between home value and list price: 45.16%
4. Memphis, Tennessee
Average listing price: $225,958
Estimated home value: $154,575
Difference between home value and list price: 46.18%
3. Charlotte, North Carolina
Average listing price: $355,613
Estimated home value: $240,670
Difference between home value and list price: 47.76%
2. Cape Coral, Florida
Average listing price: $375,812
Estimated home value: $251,100
Difference between home value and list price: 49.67%
1. Atlanta
Average listing price: $357,677
Projected home value: $236,627
Difference between home value and list price: 51.16%
Post a Comment