Home prices are on the rise, but markets are seeing higher returns on home sales than others. Here, Lance Lambert presents the most profitable housing markets in the U.S. based on data from homes that sold over the past 12 months in the 100 largest metropolitan areas, compared with the most recent sale prices to their previous ones, going back as far as 2008, to determine a profit.
Here is where home resales will bring in the most profit:
1. Bridgeport, CT (Fairfield County, CT)
Average annualized return: 14%
Median home list price: $789,100
2. Detroit, MI
Average annualized return: 12%
Median home list price: $260,000
3. Seattle, WA
Average annualized return: 12%
Median home list price: $582,400
4. San Jose, CA
Average annualized return: 12%
Median home list price: $1,240,300
5. Palm Bay, FL
Average annualized return: 12%
Median home list price: $270,000
6. Denver, CO
Average annualized return: 11%
Median home list price: $467,600
7. Providence, RI
Average annualized return: 11%
Median home list price: $350,000
8. Boston, MA
Average annualized return: 10%
Median home list price: $529,100
9. Nashville, TN
Average annualized return: 10%
Median home list price: $368,000
10. Portland, OR
Average annualized return: 10%
Median home list price: $477,500
Continue to Realtor.com to learn more about each metro and itsunique economic features that make it prime for home selling.
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