Finally, mortgage rates are declining, and homes seem to be staying on the market for longer than one weekend. Even still it’s a tough time to try to purchase a home, especially in in-demand locations. Prices are still significantly higher than they were 3-4 years ago. As someone who is keeping a close eye on the market, I’m seeing prices more than $100,000 higher for comparable properties than in 2020. It’s disheartening, to say the least. And this is of course because I’m looking in one of North Carolina’s most in-demand locations to buy a home.
So what are those in-demand cities and towns where people are looking and that are getting significant attention online? Our friends at Bet Ohio decided to find out and they were nice enough to share their research with us. To conduct this research the team at Bet Ohio looked at cities across the country. They gave each city or town two scores. First was a “demand score”. The demand score “represents an area’s page viewers per property” compared to other areas. This score is in the format of X out of 100.
The second factor is “median days on the market”. This is the median days property listings spend on the market before selling in that city. Both these metrics were weighted with a score of 50 to create a demand index score out of 100.
No North Carolina locations made the top 10 list in America, which is a bit surprising to me. Topping the list were the following 5 cities:
- Rochester, NY
- Columbus, OH
- Manchester-Nashua, NH
- Fort Wayne, IN
- Springfield, MA
Keep reading to see North Carolina’s 7 most in-demand locations to buy a home. Thanks to our friends at Bet Ohio for sharing their research with us. You can view the full list and study here.
