Smaller metro areas known for affordability won out realtor.com®’s list of top-performing markets in July. Several of the areas topping its list are industrial towns in the Rust Belt that have undergone revitalization, or are smaller, less pricier alternatives to a nearby larger city.
Fort Wayne, Ind., hit the top spot on the hottest housing market list in July as one of three Indiana metros to be included in the 20 hottest markets list, according to realtor.com®. Researchers rank the metros based on where the fastest sales are occurring and the markets that see the highest number of searches at realtor.com®. Fort Wayne, for example, had nearly triple the views on realtor.com® than typical properties throughout the rest of the country. Its median days on the market dropped seven days over the past year.