Solty Real Estate

👥 Our team is constantly developing and this time attended the training
’’SRS - Sellers Representative Specialist"
National Association of REALTORS®️
John LeTourneau

Top Housing Markets for 2024!

As noted in our 2024 National Housing Forecast, at a national level, we expect that housing affordability begins to turn around as mortgage rates ease and home prices dip. Although nationwide, home sales are expected to edge just slightly higher, some markets across the country are projected to fare differently. Sales growth is the main propellant for top housing markets in 2024, with price growth also contributing, but generally to a lesser degree. Affordable markets in the Northeast and Midwest are joined by Southern California markets expected to rebound from significant sales declines in 2023.

Top Markets Could See Double-Digit Growth as Some Areas Rebound From Lows

Eight metros are predicted to break double-digit sales growth in 2024, and they are predominantly expensive markets in the West which saw large sales declines in 2023. These metros are Oxnard, CA; Toledo, OH; Riverside, CA; Bakersfield, CA; Las Vegas, NV; San Diego, CA; Springfield, MA; and Sacramento, CA. However, with the exception of Toledo, all other metros are expected to see sales in 2024 at levels not only below the heightened activity of 2021-2022, but also below the pre-pandemic period of 2017-2019. In the case of the western metros, they are far below these levels (-20% to -35% below). We ranked the largest 100 metros by their summed expected sale and price growth rates. The top 10 metropolitan areas which surfaced for 2024 are: