Highlights
- Springfield, MA, took the top spot for the fourth month in a row in August.
- Prices were flat nationally again in August, but the month’s hottest markets saw more significant price growth (+3.6%), on average, due to strong buyer demand.
- The Northeast and the Midwest were once again the only regions on this month’s list with 9 and 11 markets, respectively. August’s list is the 23rd in a row that contains only Northeast and Midwest markets.
- The Kansas City metro area saw the biggest jump in hotness ranking among large U.S. metros compared to last year, climbing 50 spots to rank as the 111th hottest market in August.
New England metros took the top of the list once again, with Springfield, MA, claiming the country’s top spot for the fourth month in a row this August. This is the seventh time Springfield has been at the helm. High demand and low inventory have driven the larger Boston/New England area to the top of the hot markets list over the past few years as views per property and time on the market outpace the rest of the country.
In August, Springfield attracted 3.2 times the viewers per property compared to the national norm, and homes spent about a month less time on the market. Boasting a median list price of $355,000, the metro brings in a large share of viewership from the nearby, higher-priced Boston, New York City, and Hartford metro areas. (continue)
