What will be the hot spots in real estate come 2022? Realtor.com is out with it’s predictions and the West in coming in strong!
Driven by strong local economies, tech sector job growth and relative affordability, Realtor.com anticipates that Salt Lake City, Boise and Spokane will see the highest home price appreciation and sales growth next year.
Salt Lake City currently has a median home price of $564,062. The site’s analysts predict the city will be an 8.5 percent annual increase in home prices, combined with a 15.2 percent growth in home sales, squarely putting Salt Lake City in the top spot.
Boise, with a median home price of $503,959, is expected to see a 17.9 percent price change and a 7.9 percent increase in sales. Spokane may see the median home price increase by 7.7 percent, coupled with a 12.8 percent increase in home sales in 2022.
Other cities that landed in Realtor.com’s top 10 include Indianapolis, Columbus, Providence, Greenville, Seattle, Worcester and Tampa.