Through August, sales of single-family homes and condos were at an eight-year high nationwide with a growing share of buyers using FHA loans to purchase. RealtyTrac looked at the markets with at least 10,000 single-family home and condo sales through the first eight months of the year to see which are seeing the biggest increase in home sales from a year ago, which indicated regular buyers are back in force.

  • Through August, sales of single-family homes and condos were at an eight-year high nationwide with a growing share of buyers using FHA loans to purchase.
  • We also looked at the markets with the biggest decrease in home sales from a year ago, and not too surprisingly, these are all in the Rust Belt, which continues to experience a population drain.
  • A few of the cities where buyers are back are Seattle, Portland and Salt Lake City. Buyers are backpedaling in Cleveland, New York and Chicago.

Through August, sales of single-family homes and condos were at an eight-year high nationwide with a growing share of buyers using FHA loans to purchase. RealtyTrac looked at the markets with at least 10,000 single-family home and condo sales through the first eight months of the year to see which are seeing the biggest increase in home sales from a year ago, which indicated regular buyers are back in force.

All top five markets are millennial hot spots that have the type of amenities that appeal to millennials — not to mention jobs for those millennials — but without as high of a price tag that comes with traditional millennial meccas such as San Francisco and New York. Although certainly prices are rising quickly in many of these markets.

We also looked at the markets with the biggest decrease in home sales from a year ago, and not too surprisingly, these are all in the Rust Belt, which continues to experience a population drain.

Daren Blomquist is the vice president of RealtyTrac.

Email Daren Blomquist.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Will you attend ICLV virtually or in-person? The agenda is packed with stellar speakers and sessions.Learn More×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription