Ann Arbor Real Estate Market in the Top 3 in the Nation
3 Michigan cities rank among nation's hottest housing markets
The local multi-list (MLS) Realtor associations gather data from searches on its housing website. In March the organization measured the number of listing views as compared to the number of listings for the 200 largest housing markets in the country to come up with a list of the "hottest" markets.
Michigan cities fared well: Ann Arbor came in third nationally, Detroit came in at position #10 and Lansing came in 20th. Among states, California and Texas claimed as many top markets. Detroit, Ann Arbor and Lansing are among the most popular cities for real estate, according to data from the National Association of Realtors.
Here's the full list:
- Waco, TX
- New Orleans, LA
- Ann Arbor, MI
- Denver, CO
- Santa Rosa, CA
- Fort Wayne, IN
- Vallejo, CA
- San Diego, CA
- Columbus, OH
- Detroit, MI
- Manchester, NH
- Boston, MA
- Austin, TX
- Boulder, CO
- Springfield, IL
- Charleston, WV
- Pittsburgh, PA
- Tampa, FL
- College Station, TX
- Lansing, MI
The site lists 700 homes for sale in the Ann Arbor area, 2,106 in Detroit and 1,077 for sale in Lansing.
Traffic on the association website was high in March, with the website's most unique visitors ever. Home sales tend to pick up in the spring, according to the association.
"We are now firmly in the time of the year when peak demand and peak inventory levels typically occur, through spring and early summer," said Jonathan Smoke, chief economist at the National Association of Realtors, said on the site's blog. "Buyers should expect substantial competition, especially in the hotter markets, and for affordably priced homes within most markets." Websites like www.shelterquest1.com will help provide buyers with a jump on the market so they see listings before other competing buyers.
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