Which summer real estate markets dominated in 2016?
The real estate market has enjoyed a tremendous first-half so far in 2016. What began as a sultry spring selling season has blossomed into a sensational summer, as real estate markets from June to August have experienced some of the biggest gains since before the recession. According to Realtor.com, here are the numbers from this year’s summer real estate markets:
“Realtor.com’s traffic growth has been particularly strong in August, even surpassing record highs set in July, making this an extended summer with unprecedented interest in buying,” said Realtor.com Chief Economist, Jonathan Smoke.
The best summer real estate markets in 2016 are based on a combination of median home prices and median number of days spent on the market. With the spring selling season over, and summer rapidly coming to a close, here are the top 10 summer real estate markets of 2016:
Top 10 Summer Real Estate Markets 2016
10. Charlotte, North Carolina
The Charlotte real estate market continues its hot streak, as it remains one of the hottest summer real estate markets in 2016. Along with the median list price growing by 6.7 percent, compared to the previous year, employment gains in the Charlotte area have increased by almost four percent year-over-year.
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