Industry News

Charlotte, N.C., tops list of housing hotspots

Properties selling in 30 days or less, survey finds

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A recent industry survey has identified a dozen metropolitan area hotspots where most residential property listings are selling in 30 days or less, and 46 percent of sellers are getting 100 percent or more of their asking prices. The survey, conducted by HouseHunt, also found that 78 percent of home sellers are still getting multiple offers, and annual home-price appreciation in the hotspot areas average 5 percent to 10 percent. Charlotte, N.C., topped the list of hot housing markets with the median price for an existing home at $174,500, which is $56,500 below the latest national median price of $231,000 reported by the National Association of Realtors. Also on the list were Seattle, Wash.; Nashville, Tenn.; Salt Lake City, Utah; St. Louis, Mo.; Washington, D.C./Northern Virginia; Portland, Ore.; Austin, Texas; San Jose and San Francisco in Northern California; and selected suburbs in Los Angeles, Orange, San Diego and Riverside counties in Southern California. Certain Chicago m...