From the Home Buying Institute, Brandon Cornett, January 23, 2013: "RE/MAX recently released it's National Housing Report for January 2013. The monthly report dates back to 2008 and is based on MLS data from 52-53 of the largest metropolitan areas in the United States. The January report contained data through the end of 2012.
The report showed a positive trend in both home sales and the median price of homes sold. Nationwide, the median sales price rose 7.6% in 2012 (when measured from Dec 2011 - Dec 2012). Sales volume was up by 3.8% during the same period. At the metro level, the trends were varied. Some housing markets experienced price and volume gains much higher than the national average.
1. RALEIGH-DURHAM, NC +31.3%
The Raleigh metro-area housing market has a lot going for it. But there's one overriding factor that bossted homes sales in 2012 -- population growth. Forbes recently ranked the fastest growing cities in the US, factoring in population growth for 2012 and 2013 (projected), as well as economic growth. The Raleigh area was fourth on their list."
The other areas on the list:
- Albuquerque, NM + 29.6%
- Providence, RI +24.5%
- Chicago, IL +21.1%
- Hartford, CT + 19.9%
- Charlotte, NC +16.7%
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