Real Estate Markets to Watch in 2012
We may still be a few years away from a full-scale national rebound, but some micro markets are showing fantastic signs of strength with symptoms such as:
- above-average price appreciation
- strong job market
- high rate of sales (in proportion to population)
- home affordability
- low foreclosure activity
- below-average share of distressed sales
- low vacancy rate
In collaboration with Inman News and other real estate information providers, Onboard Informatics contributed local market information to outline top cities with highest proportional transactions, fastest-rising prices, and fastest-rising transactions.
Year-over-year sales changes were one of the factors we looked at in assessing hot real estate markets. Rank order goes from left to right.
Inman looked at housing, economic, and demographic area in metropolitan areas to come up with an overall list of markets to watch. Here are the top 5:
- Raleigh-Cary, NC
- Wichita, KS
- Rochester, NY
- Des Moines, IA
- Chattanooga, TN/GA (metro)
Click here to read on for the full list and details about each market.
Are there any local markets this report missed? Let us know what you’re seeing.
Tags: Inman News, markets to watch 2012, top markets 2012, top real estate markets 2012.
on Feb 4th, 2012 at 8:14 am
Oh these are good signs! Even as micro as they are, they are still good positive indications that the real estate industry is moving towards a full rebound, with stronger and better market.
on Feb 6th, 2012 at 3:16 pm
Definitely agree, Mia. With the unemployment dips it’s great to see some smaller hometowns outside of the Northeast making the list.
on Feb 12th, 2012 at 10:49 pm
Little by little, there will be improvements in real estate market and these hometowns are surely to watch out for.
on Feb 12th, 2012 at 11:07 pm
This is good news. If we can expect better conditions for 2012, regardless of how slight the changes will be, still, better conditions are more preferable than any bad news for the market. Let’s keep our fingers crossed as unemployment rates continue to dip.
on Feb 13th, 2012 at 5:12 am
Wow NC topped the list. This is good news! Thanks for the information. This is 2012!
on Feb 13th, 2012 at 5:13 am
Forecasts have been true. 2012 indeed is a good year for real estate. Sales are picking up and properties are selling quickly.
on Feb 13th, 2012 at 5:15 am
Hooray 2012. Thanks for the information. This is priceless for investors. Investors, make good use of this information.
on Feb 13th, 2012 at 7:08 am
I have read a lot of blogs that talk about the good turn out of the year 2012. Triple your efforts to sell more.
on Feb 13th, 2012 at 7:09 am
Welcome to 2012 everyone. This is what experts have forecasted.
on Mar 28th, 2012 at 11:06 am
Its great NC in the top of the list and this is important news, because we can expect a good result in this year.
on Apr 29th, 2012 at 10:50 am
Makes sense that recovery would occur first in areas of greatest affordability and where distressed sales have shrunk considerably — or are near-absent.