The online real estate company recently ranked the nation’s 50 largest housing markets based on current and forecasted housing fundamentals, looking at pricing, sales, permit activity, economic growth and population growth.
“After the volatility of the boom and bust cycle that the housing market went through, we’re finally seeing market dynamics that reflect more normal trends,” Auction.com Chief Economist Peter Muoio said in a news release. “Metros in the top 10 have strong, underlying economic conditions and favorable potential in the coming years, while those closer to the bottom have housing conditions that suffer from a weaker economic outlook.”
Seattle, Fort Lauderdale, Fla., Orlando, Fla., Palm Beach County, Fla., and Portland, Ore., rounded out Auction.com’s top five single-family housing markets.
The report stated that housing markets in northwestern states are bolstered by strong local economies that have been boosted by the tech sector. The rankings are encouraging for Florida, it added, which was “devastated by the housing bust and subsequent recession.”
While Charlotte didn’t edge into Auction.com’s top five markets, it did move up two spots from No. 10 on the website’s spring list.