The Hottest Housing Markets In America
Apr 23, 2014, 20:10 IST
After the unusual harsh winter, some economists expect the U.S. housing market to see a spring rebound.
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Some markets may already be there.
Trulia has published new data showing the percentage of homes still on the market two months after being listed. They also provide data on year-over-year price gains.
We took the inverse of that first data point - that is, how many homes had been taken off the market after two months - and plotted it against year-over-year price increases.
We put the top 10 in a chart. Homes in Oakland, California seem to be moving. Check it out:
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And here's the full list, ranked by the original datum of % of homes still on the market after two months.
| City | Share of homes still for sale after being listed for at least two months, mid-April 2014 | Share of homes still for sale after being listed for at least two months, mid-April 2013 | Difference in share still for sale, 2014 vs 2013 | Asking prices, Y-o-Y % Change, March 2014 |
| Oakland, CA | 29% | 31% | -2% | 22.70% |
| San Jose, CA | 31% | 35% | -4% | 13.40% |
| San Francisco, CA | 32% | 36% | -4% | 15.10% |
| Denver, CO | 38% | 47% | -8% | 9.60% |
| San Diego, CA | 41% | 45% | -4% | 14.00% |
| Seattle, WA | 43% | 49% | -6% | 11.20% |
| Los Angeles, CA | 44% | 40% | 4% | 17.00% |
| Orange County, CA | 45% | 38% | 6% | 14.90% |
| Sacramento, CA | 45% | 41% | 4% | 22.20% |
| Detroit, MI | 46% | 48% | -2% | 20.80% |
| Middlesex County, MA | 46% | 52% | -6% | 7.30% |
| Bakersfield, CA | 47% | 44% | 3% | 16.40% |
| Warren-Troy-Farmington Hills, MI | 47% | 48% | -2% | 18.20% |
| Ventura County, CA | 48% | 38% | 9% | 14.10% |
| Grand Rapids, MI | 49% | 54% | -5% | 9.80% |
| Dallas, TX | 50% | 55% | -5% | 15.30% |
| Fresno, CA | 50% | 48% | 1% | 15.10% |
| Portland, OR-WA | 50% | 55% | -5% | 12.00% |
| Fort Lauderdale, FL | 51% | 55% | -4% | 16.20% |
| Fort Worth, TX | 51% | 56% | -5% | 12.60% |
| Las Vegas, NV | 51% | 56% | -5% | 23.80% |
| Minneapolis-St. Paul, MN-WI | 52% | 51% | 1% | 10.60% |
| Boston, MA | 53% | 53% | 0% | 7.40% |
| Honolulu, HI | 53% | 52% | 0% | 10.10% |
| Riverside-San Bernardino, CA | 53% | 49% | 3% | 22.70% |
| Salt Lake City, UT | 53% | 54% | 0% | 6.40% |
| Tacoma, WA | 53% | 57% | -4% | 8.80% |
| West Palm Beach, FL | 53% | 64% | -10% | 2.50% |
| Austin, TX | 54% | 59% | -5% | 10.90% |
| Baton Rouge, LA | 54% | 55% | -1% | 3.80% |
| Buffalo, NY | 54% | 55% | -1% | 5.90% |
| New York, NY-NJ | 54% | 65% | -10% | 5.70% |
| Omaha, NE-IA | 54% | 53% | 1% | 4.40% |
| Orlando, FL | 54% | 53% | 2% | 16.20% |
| Washington, DC-VA-MD-WV | 54% | 52% | 2% | 8.00% |
| Bethesda-Rockville-Frederick, MD | 55% | 52% | 3% | 7.40% |
| Columbus, OH | 55% | 59% | -4% | 8.30% |
| Houston, TX | 55% | 58% | -3% | 12.10% |
| Phoenix, AZ | 55% | 48% | 8% | 13.00% |
| Tampa-St. Petersburg, FL | 55% | 53% | 1% | 11.00% |
| Tulsa, OK | 55% | 58% | -3% | 4.30% |
| Albuquerque, NM | 56% | 60% | -4% | 6.20% |
| Atlanta, GA | 56% | 56% | 0% | 16.30% |
| Colorado Springs, CO | 56% | 58% | -2% | 4.70% |
| Edison-New Brunswick, NJ | 56% | 68% | -12% | 10.70% |
| Lakeland-Winter Haven, FL | 56% | 56% | 0% | 13.70% |
| Nashville, TN | 56% | 57% | -2% | 9.90% |
| New Orleans, LA | 56% | 62% | -6% | 4.90% |
| Oklahoma City, OK | 56% | 57% | -1% | 3.10% |
| Peabody, MA | 56% | 58% | -2% | 9.60% |
| Philadelphia, PA | 56% | 60% | -4% | 3.50% |
| San Antonio, TX | 56% | 63% | -8% | 6.40% |
| Raleigh, NC | 57% | 56% | 1% | 7.00% |
| Rochester, NY | 57% | 59% | -2% | 0.60% |
| Toledo, OH | 57% | 65% | -8% | 6.00% |
| Palm Bay-Melbourne-Titusville, FL | 58% | 60% | -3% | 9.60% |
| Kansas City, MO-KS | 59% | 58% | 1% | 4.40% |
| Louisville, KY-IN | 59% | 60% | -1% | 8.80% |
| Miami, FL | 59% | 64% | -4% | 12.50% |
| North Port-Bradenton-Sarasota, FL | 59% | 59% | 0% | 12.80% |
| Baltimore, MD | 60% | 61% | -2% | 4.90% |
| Charleston, SC | 60% | 67% | -8% | 8.80% |
| Cleveland, OH | 60% | 65% | -5% | 8.10% |
| Jacksonville, FL | 60% | 57% | 2% | 6.90% |
| Memphis, TN-MS-AR | 60% | 65% | -5% | 7.20% |
| Pittsburgh, PA | 60% | 65% | -5% | 1.70% |
| Worcester, MA | 60% | 61% | -1% | 6.70% |
| Cape Coral-Fort Myers, FL | 61% | 63% | -2% | 7.20% |
| Chicago, IL | 61% | 63% | -1% | 13.10% |
| Indianapolis, IN | 61% | 58% | 3% | 11.30% |
| Milwaukee, WI | 61% | 64% | -4% | 1.80% |
| Tucson, AZ | 61% | 58% | 4% | 10.10% |
| Charlotte, NC-SC | 62% | 62% | 0% | 5.80% |
| Greensboro, NC | 62% | 66% | -4% | 9.50% |
| Akron, OH | 63% | 65% | -2% | 9.30% |
| Dayton, OH | 63% | 62% | 1% | 11.80% |
| St. Louis, MO-IL | 63% | 61% | 2% | 7.50% |
| Cincinnati, OH-KY-IN | 64% | 63% | 0% | 9.00% |
| Gary, IN | 64% | 65% | -1% | 11.20% |
| Little Rock, AR | 64% | 64% | -1% | 1.30% |
| Providence, RI-MA | 64% | 62% | 2% | 4.60% |
| Allentown, PA-NJ | 65% | 65% | 0% | 4.90% |
| Camden, NJ | 65% | 66% | -2% | 3.80% |
| Lake County-Kenosha County, IL-WI | 65% | 65% | 0% | 11.80% |
| Wilmington, DE-MD-NJ | 65% | 66% | -2% | 8.40% |
| Birmingham, AL | 66% | 67% | 0% | 16.70% |
| El Paso, TX | 66% | 67% | -1% | 1.30% |
| Fairfield County, CT | 66% | 65% | 1% | 4.30% |
| Greenville, SC | 66% | 66% | 0% | 6.10% |
| Newark, NJ-PA | 66% | 65% | 1% | 5.10% |
| Syracuse, NY | 66% | 69% | -3% | 1.20% |
| Virginia Beach-Norfolk, VA-NC | 66% | 64% | 2% | 3.50% |
| Columbia, SC | 67% | 67% | 0% | 8.00% |
| Springfield, MA | 67% | 66% | 1% | 3.00% |
| Knoxville, TN | 68% | 64% | 4% | 6.20% |
| Albany, NY | 70% | 70% | 0% | -1.50% |
| Long Island, NY | 70% | 68% | 2% | 4.80% |
| New Haven, CT | 70% | 68% | 3% | -0.30% |
| Hartford, CT | 71% | 67% | 4% | -1.20% |
| Richmond, VA | 72% | 61% | 11% | 3.60% |