The Wall Street Journal and Realtor.com® Release Spring 2023 Emerging Housing Markets Index Report
Retrieved on:
Wednesday, April 26, 2023
The average increase in listing price was 29% among the top 20 markets compared to 12% nationally for the 12 months ending in March 2023.
Key Points:
- The average increase in listing price was 29% among the top 20 markets compared to 12% nationally for the 12 months ending in March 2023.
- Although 17 of the top 20 emerging markets saw an increase in time on market, homes sold on average 12 days faster than the average across the 300 markets ranked for the index (36 vs. 40 days).
- Just two of the top 20 markets had an unemployment rate above the 300-market average (3.6%) and on average unemployment in the top 20 emerging markets was just 3.0%.
- This list’s highest-ranked emerging market is Lafayette-West Lafayette, Ind., the same as last quarter in our winter 2023 index.