Worcester, Springfield MA, named among hottest real estate markets in the U.S. MABA Massachusetts HomeBuyers RealEstate

 Two Massachusetts communities made the top ten list of the hottest markets in the country last month.
Realtor.com’s latest report found that while last year buyers were moving away from expensive coastal cities and looking at less-expensive homes in lesser-known communities further inland, this year buyers are looking at one thing and one thing only “are homes there a bargain?”

 In Realtor.com’s Hottest U.S. Real Estate Markets in August report, affordability proved to be the number one priority among homeowners with sixteen of the top twenty markets in the report having home prices below the four hundred and thirty five thousand dollars national median.

 “The list of hottest markets in August underscored the affordability theme, with the top twenty markets sporting an average list price of only three hundred and thirty two thousand dollars, a twenty four percent discount from the national median,” said George Ratiu, manager of economic research for Realtor.com. “With home prices, rents, gasoline and energy, as well as other consumer prices leaving less money in consumers’ pockets at the end of every month, homebuyers are seeking high and low for more affordable homes.”

 Less than an hour west of Boston, Worcester ranked eighth. The median list price of a home in Worcester was four hundred forty nine thousand, nine hundred dollars, up from three hundred and ninety thousand dollars last year. Springfield ranked tenth with a median list price of three hundred forty four thousand and nine hundred dollars. The rankings were determined by metro areas where homes are selling the fastest, as well as where potential buyers are looking on the company’s websites and still find deals, according to the report. The post Worcester, Springfield named among hottest real estate markets in the U.S. appeared first on Boston Agent Magazine.

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