There is a new leader in the battle to be the USA hottest real estate market according to the latest monthly figure from Realtor for April.
The monthly study of top metro areas where properties sell the fastest has long been ruled by California taking up most of the top twenty places. In fact, the March list saw California host eleven of the top twenty hottest property markets in the US.
April however, saw the Golden State’s share down to just six, the lowest number of top twenty places since the ranking began.
Not only that, but long-time leader San Francisco – which includes nearby Oakland and Hayward – lost top spot and fell to third place.
The new leader in the list for hottest property markets that overseas property investors should be interested in is Midland in Texas, which leapt up from fifth place to take the lead.
Also rising to take second place was Boston – which includes Cambridge, Newton, and a small part of New Hampshire.
Columbus in Ohio rose five places to take fourth in the list, the city’s highest ever ranking.
The top five was rounded off by one of the regular leaders of Vallejo, which dropped three places from second spot in March to take fifth in April.
Special mention should go to the biggest risers in the list, such as Racine, WI which climbed 28 places to seventh. Rochester, NY and Detroit, MI also did well, climbing by 14 and 13 places respectively.
For overseas property investors considering the hottest property markets in the USA, it seems there is a new leader to watch.
April Hot Property List (March Rank in Brackets)
Rank Hottest Markets
1 (5) Midland, TX
2 (7) Boston, MA
3 (1) San Francisco, CA
4 (9) Columbus, OH
5 (2) Vallejo, CA
6 (3) Colorado Springs, CO
7 (35) Racine, WI
8 (10) Sacramento, CA
9 (8) Stockton, CA
10 (20) Ann Arbor, NI
11 (4) San Jose, CA
12 (26) Rochester, NY
13 (25) Spokane, WA
14 (13) Boise City, ID
15 (6) Santa Cruz, CA
16 (29) Detroit, MI
17 (24) Odessa, TX
18 (16) Dallas, TX
19 (18) Buffalo, NY
20 (27) Worcester, MA