Key Highlights
- Buyers jumping into housing market earlier than “usual”
- Midwest and Northeast are hottest markets
“It’s Pure Madness
We keep hearing the same phrase from longtime agents throughout the country, “I’ve been doing real estate for 20 years in this area, and I’ve never seen a market like this.”
This most recent comment, “It’s pure madness,” comes from Joelle Sturms, a realtor with Better Homes & Garden, Masiello Group in Concord MA. What does “madness” mean? Multiple offers and homes selling for thousands over the listing price.
Strum added, “They almost don’t care what the prices are. I feel bad for our local buyers because first-time buyers are priced out.”
Midwest is First Market to Heat Up
Danielle Hale, Chief Economist with Realtor.com®, said, “The Midwest is the area where we see really strong seasonal patterns, because those markets cool off more dramatically than other markets do in the winter.
According to the latest analysis of Realtor.com®, the national median price was $375,000 in April 2021. New listings were down -25% from the 2017-2019 average but reluctant sellers are beginning to ease back into the market as vaccination rates are rising.
Realtor.com’s® Hot List in April 2021
Metro Y/Y RankChange Median ListPrice
- Manchester NH +2 $400,000
- Concord NH +22 $379,000
- Lafayette IN +1 $303,000
- Janesville WI +19 $258,000
- Elkhart IN +35 $150,000
- Columbus OH -1 $315,000
- Topeka KS 0 $157,000
- Portland ME +58 $462,000
- Vallejo CA -3 $545,000
- Rochester NY +16 $264,000
- Springfield OH +17 $180,000
- Worcester MA +7 $390,000
- Yuba City CA -1 $400,000
- Jefferson City MO +83 $213,000
- Springfield MA +40 $372,000
- Madison WI +17 $392,000
- Eureka CA +97 $469,000
- Colorado Springs CA -17 $494,000
- Stockton CA -2 $499,000
- Santa Cruz CA +6 $1,190,000
Thanks to Realtor.com®
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