For several housing markets, their growth in 2020 is expected to continue this year, particularly in cities where tech and government jobs are more plentiful. Realtor.com® recently analyzed the 100 largest U.S. markets to find those poised for the most growth in 2021.
“Economic momentum from the thriving tech industry, coupled with healthier levels of supply, will position these markets for growth in 2021,” realtor.com® Chief Economist Danielle Hale notes. “Additionally, the relative stability of government jobs in the past year has driven home prices and sales in several state capitals to the top. Home buyers, particularly first-timers, looking in one of these markets should expect rising prices and heavy competition. Meanwhile, sellers will remain in a position of power but will find themselves on the other side of the bargaining table when buying their next home.”
Realtor.com® predicted the 10 top markets for 2021 based on the combined yearly percentage growth in both home sales and prices forecast for 2021.
1. Sacramento-Roseville-Arden-Arcade, Calif.
- 2021 sales growth (year-over-year prediction): 17.2%
- 2021 price growth (year-over-year prediction): 7.4%
- Combined growth: 24.6%
2. San Jose-Sunnyvale-Santa Clara, Calif.
- 2021 sales growth: 10.8%
- 2021 price growth: 10.8%
- Combined growth: 21.6%
3. Charlotte-Concord-Gastonia, N.C.-S.C.
- 2021 sales growth: 13.8%
- 2021 price growth: 5.2%
- Combined growth: 19%
4. Boise City, Idaho
- 2021 sales growth: 9.8%
- 2021 price growth: 9.1%
- Combined growth: 18.9%
5. Seattle-Tacoma-Bellevue, Wash.
- 2021 sales growth: 8.9%
- 2021 price growth: 9.7%
- Combined growth: 18.6%
6. Phoenix-Mesa-Scottsdale, Ariz.
- 2021 sales growth: 11.4%
- 2021 price growth: 7%
- Combined growth: 18.4%
7. Harrisburg-Carlisle, Pa.
- 2021 sales growth: 14.4%
- 2021 price growth: 3.8%
- Combined growth: 18.2%
8. Oxnard-Thousand Oaks-Ventura, Calif.
- 2021 sales growth: 12.5%
- 2021 price growth: 5.5%
- Combined growth: 18%
9. Denver-Aurora-Lakewood, Colo.
- 2021 sales growth: 12.5%
- 2021 price growth: 5.4%
- Combined growth: 17.9%
10. Riverside-San Bernardino-Ontario, Calif.
- 2021 sales growth: 12.4%
- 2021 price growth: 5.5%
- Combined growth: 17.9%
Source: “Top Housing Markets for 2021,” realtor.com® (December 2020)
