Each month, HVF’s Housing Market Report uses a number of leading real estate market-based indicators to report on activity in the single-family home markets in the top 200 metropolitan areas (CBSAs) in the U.S.
This month’s Housing Market Report features a Top Ten list made up of mostly metros from Washington state. The five CBSAs from the Evergreen State include: Spokane-Spokane Valley, Bremerton-Silverdale, Tacoma-Lakewood, Seattle-Bellevue-Everett and Olympia-Turnwater.
With low MRI and foreclosure rates below 5%, these five Washington state metros appear to be as healthy as they come. However, with home prices rising at a rapid rate, many have begun to question whether Washington’s well-being will be short lived.
Interested in learning more about the top metros featured in this month’s market report? Contact us for more in-depth information on each CBSA listed in this month’s report.
ABOUT SVI’S MONTHLY HOUSING MARKET REPORT
The Home Value Forecast uses a ranking system that is purely objective and is based on directional trends of nine market indicators. Each indicator is given a score based on whether the trend is positive, negative or neutral for that series. For example, a declining trend in active listings would be positive, as would an increasing trend in average price. A composite score for each CBSA is calculated by summing the directional scores of each of its indicators. From the universe of the top 200 CBSAs, each month we highlight topics and trends in the real estate market.
