Opinions on Realtor.com's Top Real Estate Markets for 2017?

Opinions on Realtor.com's Top Real Estate Markets for 2017?

Real Estate Agent · Phoenix, AZ · Member since 2016 · 738 posts · 1k+ votes

In case you missed the news, Realtor.com has just released it's predictions of the Top Real Estate Markets in 2017. They are predicting that the nationwide market will slow down next year, but the hottest markets on the coasts are going to "keep blazing." 

Here's a link to the article and a summation of it's top predicted markets:
http://www.realtor.com/news/trends/top-real-estate-markets-2017

  1. Phoenix, AZ -- Price Growth: 5.94% -- Sales Growth: 7.24%
  2. Los Angeles, CA -- Price Growth: 6.90% -- Sales Growth: 6.03%
  3. Boston, MA -- Price Growth: 6.09% -- Sales Growth: 6.32%
  4. Sacramento, CA -- Price Growth: 7.18% -- Sales Growth: 4.92%
  5. Riverside, CA -- Price Growth: 4.98% -- Sales Growth: 6.88%
  6. Jacksonville, FL -- Price Growth: 4.79% -- Sales Growth: 7.03%
  7. Orlando, FL -- Price Growth: 5.69% -- Sales Growth: 6.10%
  8. Raleigh, NC -- Price Growth: 4.16% -- Sales Growth: 7.55%
  9. Tucson, AZ -- Price Growth: 6.10% -- Sales Growth: 5.47%
  10. Portland, OR -- Price Growth: 6.55% -- Sales Growth: 5.02%
  11. Durham, NC -- Price Growth: 2.55% -- Sales Growth: 8.95%
  12. Colorado Springs, CO -- Price Growth: 4.77% -- Sales Growth: 6.71%
  13. Jackson, MS -- Price Growth: 1.98% -- Sales Growth: 9.44%
  14. Detroit, MI -- Price Growth: 5.17% -- Sales Growth: 6.22%
  15. San Diego, CA -- Price Growth: 6.47% -- Sales Growth: 4.89%
  16. Salt Lake City, UT -- Price Growth: 6.66% -- Sales Growth: 4.67%
  17. Deltona, FL -- Price Growth: 3.10% -- Sales Growth: 8.23%
  18. Provo, UT -- Price Growth: 5.16% -- Sales Growth: 5.84%
  19. Austin, TX -- Price Growth: 3.50% -- Sales Growth: 7.40%
  20. Seattle, WA -- Price Growth: 7.36% -- Sales Growth: 3.41%

So, what do you think? Do these numbers seem accurate for your city? Are they a little too optimistic? Dead on? Or maybe even low? If you're a real estate professional or investor in these please speak up and let everyone know what you think about these predictions! 

We need to hear from people in these markets!

2Reply
27 views

Most Popular Reply

Dawn BrenengenBusiness Member
Moderator
Real Estate Broker · Raleigh, NC · Member since 2014 · 2k+ posts · 1k+ votes
9y

@Wes Blackwell  I'm in the Raleigh, NC market, and I am not surprised at all to see us on another "Top 10" list. Homes have been selling like crazy, yet overall, it's very affordable to live here.  I haven't seen any slow down...not even a seasonal slow down for the winter.  There are less sales right now because there is less inventory, but the buyers are still out there waiting to pounce on the newest listing.

See this reply in the discussion

4 Replies

Jump to latestLatest
  • Real Estate Agent · Falls Church · Member since 2012 · 2k+ posts · 1k+ votes
    9y

    @Wes Blackwell is there a reason you may think the numbers are inaccurate? 

    If there is a slow down I think the contributing factors to be higher interest rates that will influence the lower end buyers, and low inventory. Overall, if there is a slowdown the national market will remain healthy.

  • Real Estate Agent · Phoenix, AZ · Member since 2016 · 738 posts · 1k+ votes
    9y

    @Brandon L. -- I want to get the opinions of professionals working in these markets, on streets, dealing with transactions and listening to buyers and sellers every day. Numbers are one thing, but people and their opinions are another. I think it's good to have a solid grasp of both before making decisions involving real estate.

    For example, here in Sacramento we were hit pretty hard by the housing crash back and recession a decade ago, and those wounds are still healing and have even left permanent scars for most people in this region.  This is the second time they're being told they're in a hot market, and home values keep going up. And they all too well remember the experience and eventual result last time they were told this.

    Our local TV news stationed covered it, and the coverage was completely lopsided. It only talked about homes selling quick, massive appreciation rates, and great investments. The showed the president of one of the biggest local brokerages talking about how homes are typically receiving multiple offers, which is true... but they completely left out the part where he said “God bless ’em, but I think that’s aggressive,” and then went on to say that he thinks sales volumes will be flat and that he believes appreciation will be close to 5% instead of over 7%. Luckily our local newspaper was more balanced. 

    I'm just wary to hop on the euphoria train like everyone here did back in the early 2000's. I work with a lot of investor and clients who at the end of the day are people with lives and families they care about, and they trust me to help them make better decisions. That's why I want to see what the locals in these areas are thinking, not just what Realtor.com has to say about it.

  • Real Estate Agent · Scottsdale, AZ · Member since 2016 · 65 posts · 24 votes
    9y

    @Wes Blackwell Thanks for sharing this!

  • Dawn BrenengenBusiness Member
    Moderator
    Real Estate Broker · Raleigh, NC · Member since 2014 · 2k+ posts · 1k+ votes
    9y

    @Wes Blackwell  I'm in the Raleigh, NC market, and I am not surprised at all to see us on another "Top 10" list. Homes have been selling like crazy, yet overall, it's very affordable to live here.  I haven't seen any slow down...not even a seasonal slow down for the winter.  There are less sales right now because there is less inventory, but the buyers are still out there waiting to pounce on the newest listing.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.