The U.S. housing market is ablaze, with certain markets reaching unprecedented levels of demand. According to the latest Realtor.com® report, America’s 20 Hottest Markets in May received three times as many views per property as the national average—a record high not seen since mid-2017.

Why the Frenzy? Supply and Demand Dynamics

Economic analyst Hannah Jones notes that these red-hot markets are defying challenging housing conditions. Their secret? A combination of low supply and high demand. With fewer homes for sale, competition intensifies, driving up views per property and putting upward pressure on prices.

Stable Prices and Lightning-Fast Sales

Despite the overall stability of U.S. home prices (up 0.6% annually to $442,500), the 13 hottest markets have seen explosive growth—up 13.6% since last year. But it’s not just about prices. Listings in these markets are moving at lightning speed, selling more than three weeks faster than the national average of 44 days.

Top Contenders: Northeast and Midwest Shine

The 20 Hottest Markets list features metros from the Northeast and Midwest. Here are the top three:

1. Manchester-Nashua, NH: This metro area has clinched the crown eight times in the past year. Despite a median list price of $630,000, its allure lies in proximity to Boston (just an hour away) and New Hampshire’s tax-friendly environment.
2. Hartford, CT: Listings here receive 4.5 times more views than the national average. With an average home price of $447,000, Hartford’s 90-minute drive to New York City adds to its appeal.
3. Springfield, MA: Known as the birthplace of baseball, Springfield boasts affordable homes (median price: $400,000) and a low unemployment rate. Houses spend a mere 17 days on the market.

Other Notables and Urban Trends

Concord, NH (median house price: $600,000) and Rochester, NY ($310,000) round out the top five. Ohio towns—Canton, Akron, and Columbus—also shine. Meanwhile, urban markets are surging as remote workers seek housing near business hubs.

Keep an eye on these sizzling markets—they’re rewriting the real estate playbook! 🏡🔥