18 Future Hot Markets to Put on Your Watch List

If you’re scoping out new terrain to expand your business, these future hot markets forecasted by Realtor.com and the National Association of Realtors (NAR) may just fit the bill. Realtor.com based its list on projected percentage growth in sales and prices, while NAR focused on long term growth such as job growth and if the area is attractive to retirees. Though each contains different entries, if you enjoy hitting the slopes or lounging by the beach, you’re in luck: The two cities slotted to grow in both lists are Charleston, South Carolina, and Colorado Springs. With these lists, builders can get a sense of where people are heading in the next decade.

Thinking about relocating to a hot market — a city where housing prices might rise in the next year or two?

Realtor.com and the National Association of Realtors (NAR) have come up with separate Top 10 lists. The organizations used different criteria to predict which housing markets will see the most growth this year and beyond, so their lists don’t match exactly.

The only two cities that made both lists are Charleston, S.C., and Colorado Springs.

The hottest cities where it’s good to be a home seller but not so much a buyer

Realtor.com’s list focuses just on where officials think the most percentage growth in sales and prices will occur in 2020. It looks at markets that have unrealized potential in their housing markets. While some parts of the country may see a slowdown in the pace of sales and in price growth in 2020, the combination of economic momentum, lower prices and healthier levels of supply mean these markets should expect to grow. Realtor.com predicts sales will decline nationally by 1.8 percent in 2020, while prices will rise just 0.8 percent for a combined decline in the housing market of one percent.

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