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These Cities Are Anticipated to See the Greatest Actual Property Progress in 2023


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Whether or not you’re a seasoned actual property professional, or somebody who casually scans the listings occasionally, you’ve most likely seen that the 2022 housing market has been a bit of exhausting to observe at occasions. Like 2021, most consultants have indicated that this yr has largely been a vendor’s market, however what’s in retailer for 2023?

The financial analysis workforce at Realtor.com has made just a few predictions, together with what they count on to actual property markets experiencing probably the most development in 2023. Right here’s what to know.

Predictions for the housing markets positioned for probably the most development in 2023

With mortgage rates of interest skyrocketing over the previous few months, many potential patrons have determined to maintain off on buying houses—even when the worth of the property itself dropped.

However based on the consultants at Realtor.com, there are some metropolitan areas that also have a good quantity of (comparatively) inexpensive housing, and which have seen rising gross sales and costs in 2022, that are anticipated to proceed rising all through 2023. They’re:

1. Hartford, Connecticut

Median dwelling checklist worth in November 2022: $372,400
Worth change in 2023: 8.5%
Gross sales change in 2023: 6.5%

2. El Paso, Texas

Median dwelling checklist worth in November 2022: $290,500
Worth change in 2023: 5.4%
Gross sales change in 2023: 8.9%

3. Louisville, Kentucky

Median dwelling checklist worth in November 2022: $290,000
Worth change in 2023: 8.4%
Gross sales change in 2023: 5.2%

4. Worcester, Massachusetts

Median dwelling checklist worth in November 2022: $447,500
Worth change in 2023: 10.6%
Gross sales change in 2023: 2.5%

5. Buffalo, New York

Median dwelling checklist worth in November 2022: $239,000
Worth change in 2023: 6%
Gross sales change in 2023: 6.3%

6. Augusta, Georgia

Median dwelling checklist worth in November 2022: $318,900
Worth change in 2023: 5.7%
Gross sales change in 2023: 6.2%

7. Grand Rapids, Michigan

Median dwelling checklist worth in November 2022: $358,300
Worth change in 2023: 10%
Gross sales change in 2023: 1.6%

8. Columbia, South Carolina

Median dwelling checklist worth in November 2022: $300,400
Worth change in 2023: 3.6%
Gross sales change in 2023: 7.7%

9. Chattanooga, Tennessee

Median dwelling checklist worth in November 2022: $396,500
Worth change in 2023: 8.2%
Gross sales change in 2023: 2.9%

10. Toledo, Ohio

Median dwelling checklist worth in November 2022: $161,100
Worth change in 2023: 6.7%
Gross sales change in 2023: 4.2%

For extra data on these rankings, housing markets, and Realtor.com’s methodology, see the total report.

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