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Home Value Forecast Top 10, September 2021

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 again is topped by Washington state metros:

Home Valuation Forecast chart simple excel chart showing top 10 hottest housing markets in September of 2021

Like last month, 225 of the 229 metros we track had a sales price to list price ratio of 100% or more.

 

Top 10 Sale Price Appreciation CBSAs

Nationally, home prices are up approximately 15% from last year. For September, our Top 10 CBSAs in appreciation include:

 

CBSA Name Sold Price SP Pct Change
Austin-Round Rock, TX 490,000 37.48
Boise City, ID 480,000 33.52
Naples-Immokalee-Marco Island, FL 615,000 32.26
Homosassa Springs, FL 245,000 31.02
Bend-Redmond, OR 629,937.5 29.88
Bellingham, WA 587,148 29.19
Provo-Orem, UT 510,000 28.14
Ogden-Clearfield, UT 440,000 27.54
Salt Lake City, UT 535,000 27.41
Punta Gorda, FL 323,760 27.26

To put that into perspective, the average home that sold for $346,415 last year would sell for $490,000 today.

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.

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