Hot Markets to Watch in 2022 [Real Estate Coaching]

According to realtor.com, the top markets in 2022 are typically affordable tech hubs with outdoor recreational amenities.

Markets Across Midwest & Mountain West Primed for Market Action in 2022

Although we’re already seeing signs of a slowing real estate market nationwide due to soaring home prices and buyer exhaustion from competition, housing opportunities in the Mountain West and Midwest appear poised for action in 2022.

Many of these markets are relatively affordable tech hubs complemented with outdoor activities galore.  Potential buyers looking to actually buy might consider decisive action sooner rather than later to order to skirt rising prices and increasing competition.

Danielle Hale, chief economist with realtor.com, said, “Our top housing markets are attracting remote-minded workers, possibly interested in snagging a big city salary while still enjoying the quality of life that these generally smaller areas afford.”

Read, this is important…

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Pricing in Hot Markets

The average list price in November for the hot markets listed below was $431,000. Though higher than the median price of $379,000, this $431,000 is more affordable than the country’s priciest markets.

Agents, know that, according to a recent report by Coldwell Banker, 41% of the total population and 48% of Millennials indicated they would take a salary cut to live in more affordable markets rather than the more/most expensive markets typically associated with high earnings.

1. Salt Lake City UT
   1. Median home price – $564,062
   2. Projected price growth: +8.5%
   3. Projected sales growth: +15.2%
2. Boise ID
   1. Median home price – $503,959
   2. Projected price growth – +7.9%
   3. Projected sales growth – +12.9%
3. Spokane WA
   1. Median home price – $419,803
   2. Projected price growth – +7.7%
   3. Projected sales growth – +12.8%
4. Indianapolis IN
   1. Median home price – $272,401
   2. Projected price growth – +5.5%
   3. Projected sales growth – +14.8%
5. Columbus OH
   1. Median home price – $298,523
   2. Projected price growth – +6.3%
   3. Projected sales growth – +13.7%
6. Providence RI
   1. Median home price – $419,813
   2. Projected price growth – +9.6%
   3. Projected sales growth – +8.1%
7. Greenville SC
   1. Median home price – $305,078
   2. Projected price growth – +5.7%
   3. Projected sales growth – +11.4%
8. Seattle WA
   1. Median home price – $666,754
   2. Projected price growth – +7.5%
   3. Projected sales growth – +9.6%
9. Worcester MA
   397. Median home price – $397.188
   398. Projected price growth – +8.2%
   399. Projected sales growth – +8.4%
10. Tampa FL
    1. Median home price – $335,814
    2. Projected price growth – +6.8%
    3. Projected sales growth – +9.6%

Thanks to realtor.com and Inman.