Each month, Home Value Forecast uses a number of leading real estate market-based indicators to monitor single-family home market activity in the nation’s top 200+ metropolitan areas (CBSAs) and report on the Top 10.
THE TOP 10
The Home Value Forecast Top 10 Hottest Housing Markets ranking system is purely objective and is based on directional trends over the past eight quarters. It’s not a listing of what markets are most expensive or most in need of inventory; it ranks market momentum at a specific point in time.
This month’s Top 10:
Four Texas, three Florida and two Washington state metros are dominating this Top 10, with only the Durham-Chapel Hill, NC metro as an outlier.
Fort Worth, TX
The Fort Worth-Arlington-Grapevine CBSA lands on the Top 10 this month. While being part of the DFW metroplex, home prices in Fort Worth have lagged behind Dallas. Now that a number of companies have moved their headquarters to the Dallas area (21 in 2021), home prices are appreciating faster than the US average.
People looking for more affordability and work west of the city have options in Fort Worth, where the average home sells for 20% less than area averages.
ABOUT PRO TECK’S MONTHLY HOUSING MARKET REPORT
The Home Value Forecast uses a ranking system that is purely objective and is based on directional trends of market indicators. Each indicator is given a score based on whether the trend is positive, negative or neutral for that series. For example, a declining trend in active listings would be positive, as would an increasing trend in average price. A composite score for each CBSA is calculated by summing the directional scores of each of its indicators.