Fort Wayne, Ind. was the hottest housing market in America in August 2019, according to Realtor.com’s “hot list” of housing markets, a rank based on the metro’s sales pace and listing views.
Pueblo, Colo. came in second on the “hot list”, followed by Midland, Tex., which fell from first in August 2018 to third in August 2019. A number of cities in the top ten have risen from far lower ranks in the past year, including Fort Wayne (13th to 1st), including Buffalo, N.Y. (48th to 6th) and Kennewick, Wash.(75th to 8th).
"Smaller markets with smaller price tags continue to heat up feverishly," says Javier Vivas, realtor.com's director of economic research. "Buyers have more success in markets that have plentiful supplies of homes below $200,000 in the Northeast and the Midwest. In the West and the Southwest, we're seeing alternatives to the pricey, larger cities make the list."
Median home prices in greater Fort Wayne, a small, industrial city about two hours northeast of Indianapolis, were a median $162,000 as of Aug. 1, according to local real estate brokerage Re/Max Results.
"We have been one of the most affordable places in the U.S. for decades," says Re/Max Results agent Tug Pierson. "Because of local, economic growth, we are attracting startups and new employers—so the job market is expanding.”
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