10 MI Towns Among America's 'Hottest' Housing Markets
The new list from Realtor includes several Michigan towns as the most popular real estate buys. Ten Michigan towns have made a list of the hottest 150 real estate markets in the nation, according to a new ranking from Realtor.com. Ann Arbor, Michigan, had the highest ranking, ranking 25th in the country. The ranking uses proprietary insights on buyer activity and data on active inventory to rank local areas. The total number of views each listing receives online is also used as an indicator of demand. Nashua, New Hampshire took the top spot in the national rankings, followed by Rochester, New York. Other Michigan metro areas made the top 100, including Lansing/East Lansing, Grand Rapids, Jackson, Detroit-Warren-Dearborn and Detroit.
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MICHIGAN – Ten Michigan towns have made a list of the hottest 150 real estate markets in the nation, according to a new ranking from Realtor.com.
Ann Arbor took home the state's highest ranking, at 25th in the nation, according to the site. "The Realtor.com Market Hotness Index exposes how local areas are experiencing fast moving supply and rising demand," experts explain. "Using proprietary insights on buyer activity and the most comprehensive data on active inventory, the analysis breaks down demand and supply dynamics to rank metro areas, counties and zip codes relative to the rest of the country."
The total amount of views each listing gets online is also used as an indicator of demand. Meanwhile, supply is measured by the median amount of days a home spends on the market in that given city. Nashua, New Hampshire took the top spot in the country, followed by Rochester, New York. See the full list of Realtor.com's hottest markets in the nation here.
Some of Michigan's major metro areas made the top 100 as well, with Lansing/East Lansing coming in at No. 46, Grand Rapids at 54, Jackson at No. 68 and Detroit-Warren-Dearborn at 94. The full Michigan list is included below: