Forbes: The Best Cities To Buy A Home Right Now
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Introduction To determine the best places to invest in real estate right now, Realtor.com created a list which sorted through February housing and jobs data for 146 Metropolitan Areas (cities and their neighboring suburbs) across the U.S. The company looked at listing price data, sales data and inventory trends such as the amount of homes available in each market and number of days on market. Realtor.com also utilized the peak-to-trough home price index from Fiserv Case-Shiller, which tracks how much home prices have fallen in the past five years and unemployment rates from the Bureau of Labor Statistics, since jobs (or lack thereof) are a leading indicator of housing demand.
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
10. St. Louis, M... Median List Price: $159,000 (down 0.5 percent y-o-y)
Inventory Level: 12,819 homes (down 17 percent y-o-y)
Median Days On Market: 103 days (down 11 percent y-o-y)
Price Drop From Peak: 14.3 percent
Unemployment Rate: 8.9 percent
(Photo: Getty Images)
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America’s Most Affordable Cities
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
9. Milwaukee, WI Median List Price: $175,000 (down 3 percent y-o-y)
Inventory Level: 7,714 homes (down 21 percent y-o-y)
Median Days On Market: 117 days (down 8.5 percent y-o-y)
Price Drop From Peak: 15.4 percent
Unemployment Rate: 8 percent
(Photo: Walter Bibikow/Getty Images)
More From Forbes:
America’s Most Affordable Cities
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
8. Raleigh, NC Median List Price: $215,000 (up 7.5 percent y-o-y)
Inventory Level: 9,980 homes (down 23 percent y-o-y)
Median Days On Market: 113 days (down 7 percent y-o-y)
Price Drop From Peak: 6.5 percent
Unemployment Rate: 8.1 percent
(Photo: Don Klumpp/Getty Images)
More From Forbes:
America’s Most Affordable Cities
The Best Cities for Raising A Family
American Cities With The Most Construction Underway
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
7. San Jose, CA Median List Price: $468,888 (up 8 percent y-o-y)
Inventory Level: 3,957 homes (down 34 percent y-o-y)
Median Days On Market: 56 days (down 27 percent y-o-y)
Price Drop From Peak: 32.5 percent
Unemployment Rate: 9.1 percent
(Photo: Terry Wilson/istockphoto)
More From Forbes:
America’s Most Affordable Cities
The Best Cities for Raising A Family
American Cities With The Most Construction Underway
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
6. Salt Lake Cit... Median List Price: $195,000 (up 5.5 percent y-o-y)
Inventory Level: 6,743 homes (down 31 percent y-o-y)
Median Days On Market: 90 days (down 13 percent y-o-y)
Price Drop From Peak:19.4 percent
Unemployment Rate: 5.9
(Photo: David Crowther/Getty Images)
More From Forbes:
America’s Most Affordable Cities
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
5. Fort Worth, T... Median List Price: $160,000 (up 8 percent y-o-y)
Inventory Level: 8,242 homes (down 26.5 percent y-o-y)
Median Days On Market: 79 days (down 19 percent y-o-y)
Price Drop From Peak:4.7 percent
Unemployment Rate: 7.1 percent
(Photo: iStock)
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America’s Most Affordable Cities
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
4. Baltimore, MD Median List Price: $239,500 (down 3 percent y-o-y)
Inventory Level: 13,053 homes (down 25.5 percent y-o-y)
Median Days On Market: 120 days (down 4 percent y-o-y)
Price Drop From Peak: 22.3 percent
Unemployment Rate: 7.5 percent
(Photo: Cameron Davidson/Getty Images)
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America’s Most Affordable Cities
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
3. Kansas City, ... Median List Price: $134,150 (up 0.3 percent y-o-y)
Inventory Level: 7,539 homes (down 21 percent y-o-y)
Median Days On Market: 103 days (down 15 percent y-o-y)
Price Drop From Peak:8.8 percent
Unemployment Rate: 7.7 percent
(Photo: Thinkstock)
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America’s Most Affordable Cities
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
2. Austin, TX Median List Price: $229,500 (up 12 percent y-o-y)
Inventory Level: 8,329 homes for sale (down 19 percent y-o-y)
Median Days On Market: 77 (down 21 percent y-o-y)
Price Drop From Peak:2.9 percent
Unemployment Rate: 6.1 percent
(Photo: Don Klumpp/Getty Images)
More From Forbes:
America’s Most Affordable Cities
The Best Cities for Raising A Family
American Cities With The Most Construction Underway
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
1. Tuscon, AZ Median List Price: $170,000 (up 3 percent y-o-y)
Inventory Level: 6,600 homes for sale (down 23 percent y-o-y)
Median Days On Market: 86 (down 12 percent y-o-y)
Price Drop From Peak:45.1 percent
Unemployment Rate: 7.8 percent
(Photo: Thinkstock)
More From Forbes:
America’s Most Affordable Cities
The Best Cities for Raising A Family
American Cities With The Most Construction Underway
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast. -
More from Forbes Click here to see in which U.S. cities it's better to buy instead of rent.
