Are you planning to move during these tough economic times? Well, you better pack a suitcase full of cash because new homes are still WAY overpriced, and mortgage rates are through the roof. And if you’re planning to move to one of the cities below; forget about a suitcase, you better bring along a truck full of cash.
The median price of a new home is now $428,700, according to the National Association of Realtors, up 30.6% from 2020, and the fastest growth was in the South and the mountain states. Here are the cities with the biggest home price growth, according to Redfin, the national real estate brokerage firm.
Punta Gorda, Florida – up 35%
Home prices were up 35.0% since last year – a median price of $370K.
Ocala, Florida – up 35%
Home prices were up 35.0% since last year – a median price of $231K.
Denison, Texas – up 33.3%
The average house price was $227K, up 33.3% since last year.
Ogden, Utah – up 33%
Home prices were up 33% compared to last year, selling for a median price of $360K.
Austin, Texas -up 31%
Home prices rose 31% percent in 2021, for an annual average of $450,000.
Phoenix, AZ – up 30.8%
The average house price was $425K last month, up 30.8% since last year.
Las Vegas, Nevada – up 25.4%
Home prices were up 25.4% compared to last year, selling for a median price of $395K
Miami, Florida – 25.3%
Miami home prices were up 25.3% compared to last year, selling for a median price of $480K.
Tucson, Arizona – up 18.5%
Tucson home prices were up 18.5% compared to last year, selling for a median price of $308K.
Boise, Idaho – up 17.8%
Boise home prices were up 17.8% compared to last year, selling for a median price of $495K
If you’re still thinking about moving after seeing these prices, big congrats to you. Here’s a tip – pack a real estate email list with your suitcase full of cash. A little homework finding a good real estate agent could help you save a lot of money.
For a current, verified real estate email list where the price didn’t go up, contact the experts at the Email List Company.
