"Rising Home Prices: February's Hottest Markets and Predictions for the Year Ahead"

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Source: Fox Business
"Rising Home Prices: February's Hottest Markets and Predictions for the Year Ahead"
Photo: Fox Business
TL;DR Summary

Thirteen of the top 20 hottest home markets in February had median listing prices below the national median, according to a recent Realtor.com report. The returning demand for homes in some west coast area markets shows buyers still have an appetite for houses listed with prices above the national median. Home price growth increased by 7.8% annually in February, with the median national home price for active listings registering at $415,000. However, the hottest markets have seen prices increase by 16.2% year-over-year, doubling the national rate. Manchester-Nashua, N.H. and Rochester, NY metro areas tied as the country's hottest markets this month.

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