Realtor.com has released its annual forecast for the hottest housing markets in the U.S. for 2024, blending projected price growth and sales activity to pinpoint metro areas expected to outperform. Among them, the Midwest and South dominate the list due to their affordability and appeal to younger buyers. Toledo, Ohio, topped the rankings, with average home prices around $200,000 and a combination of high demand and limited inventory driving future growth.
The list also highlights areas like Rochester, New York, and Oxnard, California, with strong local economies and relatively affordable housing compared to larger coastal cities. Experts point out that local job markets, migration trends, and available housing supply are key factors behind a city’s real estate trajectory. As remote work remains popular and mortgage rates hover near recent highs, cities offering lower prices and good quality of life continue to attract buyers.
Read more about Arizona home prices.