Three Massachusetts cities make nation’s hottest markets list MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent

 Three Massachusetts cities – Boston, Worcester and Springfield were named among the top twenty hottest markets in the U.S., with two of them ranking in the top five. Realtor.com examined cities across the country and discovered that home price growth has slowed in much of the U.S. in recent months. It identified the cities where homes are selling fastest and prices continue to climb at higher rates than the rest of the country.

 “Prices increased slightly nationwide in March, but the month’s hottest markets saw more substantial price growth due to high demand,” says Realtor.com economic analyst Hannah Jones. Realtor.com ranked the nation’s twenty hottest markets based on market demand, determined by unique views per property on its website as well as market pace, measured by how many days a listing remains active.

 Springfield took the number three spot on the list with three point three views per property, twenty seven median days on market and a median list price of $350,000. That was followed by Worcester at number four with two point nine views per property, twenty three median days on market and a median list price of $500,000. Boston ranked number eight with two point two views per property, twenty four median days on market and a median list price of $880,000. Manchester, New Hampshire, took the top spot. Just under an hour from Boston, Manchester had four point one views per property, nineteen median days on market and a median list price of $550,000.

 While prices continue to rise in these markets, overall demand is shrinking. While the majority of home prices remained flat in March, only rising two percent, prices in the hottest markets rose five point three percent year over year. “Though hot market price growth continues to outpace U.S. price growth, the difference has narrowed, and the average hot market price growth has slowed,” Jones said. “Since last summer, price growth has cooled in the country’s hottest markets.”

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