Whether you’re a seasoned real estate professional, or someone who casually scans listings from time to time, you’ve probably noticed that 2022 housing market Used to be a little hard to follow Sometimes. Like 2021, most experts have indicated that this year has been largely one seller’s marketBut what is in store for 2023?
Economic Research Team at Realtor.com made some predictions, including what they expect Real estate markets experiencing maximum growth 2023. Here’s what to know.
Predictions for housing markets positioned for highest growth in 2023
With mortgage interest rates skyrocketing in the past few months, many potential buyers have decided to moratorium on buying a houseEven if the property itself has fallen in value.
but according to Realtor.com expertsThere are some metropolitan areas that still have a good amount of (relatively) affordable housing, and 2022 will see sales and price increases that are anticipated.Will continue to grow throughout 2023. they are:
1. Hartford, Connecticut
Median Home List Prices in November 2022: $372,400
Price Changes in 2023: 8.5%
Sales Variation in 2023: 6.5%
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2. El Paso, Texas
Median Home List Prices in November 2022: $290,500
Price Changes in 2023: 5.4%
Sales Variation in 2023: 8.9%
3. Louisville, Kentucky
Median Home List Prices in November 2022: $290,000
Price Changes in 2023: 8.4%
Sales Variation in 2023: 5.2%
4. Worcester, Massachusetts
Median Home List Prices in November 2022: $447,500
Price Changes in 2023: 10.6%
Sales Variation in 2023: 2.5%
5. Buffalo, New York
Median Home List Prices in November 2022: $239,000
Price Changes in 2023: 6%
Sales Variation in 2023: 6.3%
6. Augusta, Georgia
Median Home List Prices in November 2022: $318,900
Price Changes in 2023: 5.7%
Sales Variation in 2023: 6.2%
7. Grand Rapids, Michigan
Median Home List Prices in November 2022: $358,300
Price Changes in 2023: 10%
Sales Variation in 2023: 1.6%
8. Columbia, South Carolina
Median Home List Prices in November 2022: $300,400
Price Changes in 2023: 3.6%
Sales Variation in 2023: 7.7%
9. Chattanooga, Tennessee
Median Home List Prices in November 2022: $396,500
Price Changes in 2023: 8.2%
Sales Variation in 2023: 2.9%
10. Toledo, Ohio
Median Home List Prices in November 2022: $161,100
Price Changes in 2023: 6.7%
Sales Variation in 2023: 4.2%
For more information on these rankings, housing markets, and Realtor.com’s methodology, visit View full report,