Greater Boston will be one of 2017’s very best housing markets, according to a new study from realtor.com.
Based on projected increases in sales and price, Greater Boston will be the No. 3 housing market in the U.S., with a 6.09 percent sales increase and a 6.32 percent jump in sales; the Phoenix and Los Angeles metro areas came in at No. 1 and 2, respectively.
In realtor.com’s report, Senior Economist Joe Kirchner stressed the strong local economies and population growth of the top 10 metros, although their 2017 sales activity may not match this year.
“These top 10 markets are forecast to see average price gains of 5.8 percent and sales growth of 6.3 percent, exceeding next year’s anticipated national growth of 3.9 percent and 1.9 percent, respectively,” Kirchner wrote. “But when compared to last year, prices in eight of the top 10 markets are expected to decelerate with only Los Angeles and Tucson, Ariz. showing stronger growth than last year.”
Other notable qualities of the nation’s top market include large populations of Millennials/Baby Boomers and high listing views on realtor.com.
See our chart below for the full top 10:
| Metro Area | 2017 Price Increase | 2017 Sales Increase |
|---|---|---|
| Phoenix | 5.94% | 7.24% |
| Los Angeles | 6.9% | 6.03% |
| Boston | 6.09% | 6.32% |
| Sacramento | 7.18% | 4.92% |
| Riverside | 4.98% | 6.88% |
| Jacksonville | 4.79% | 7.03% |
| Orlando | 5.69% | 6.1% |
| Raleigh | 4.16% | 7.55% |
| Tucson | 6.1% | 5.47% |
| Portland | 6.55% | 5.02% |