The most in demand markets as 2017 ends

Colorado Springs has topped the list of markets where homebuyers are most likely to move in the final three months of 2017

The most in demand markets as 2017 ends
Colorado Springs has topped the list of markets where homebuyers are most likely to move in the final three months of 2017.

The area is predicted to show strong Q4 sales activity based on an analysis of purchase loan applications by ATTOM Data Solutions for its Pre Mover Index.

Manchester-Nashua, New Hampshire; Chicago, Illinois; Washington, D.C.; and Nashville, Tennessee; complete the top 5 out of the 123 metros analyzed.

"Home buyers are most likely to move — and homeowners are more likely to move up — in markets with plenty of available jobs along with a reasonable supply of homes for sale," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "Markets with this enviable and increasingly rare combination of jobs and housing inventory tend to be in secondary and even tertiary markets that are somewhat off the beaten path. Even in more mainstream markets, the counties with the highest pre-mover indices tend to be in outlying areas where more inventory is available or can be built."

Those with the lowest pre-mover indices in the third quarter were Rochester, New York ; Akron, Ohio; Myrtle Beach, South Carolina; Providence, Rhode Island; and Cleveland, Ohio.

 

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