This Western U.S. Metropolis Has the High Housing Market within the U.S. for 2025

Shopping for a house remains to be out of attain for a lot of People because of excessive actual property costs, low housing stock, and better mortgage charges. In accordance with a brand new report by the Nationwide Affiliation of Realtors, the median age of a first-time purchaser is now 38, the very best it’s ever been, partly as a result of folks have to avoid wasting for a very long time earlier than shopping for a house. Nonetheless, there’s excellent news for 2025.

In accordance with Realtor.com, mortgage charges will decline, and extra newly constructed properties will change into out there, serving to to fill the housing scarcity. The corporate not too long ago launched its high housing markets for 2025 report, highlighting comparatively reasonably priced areas most well-liked by younger households with loads of properties on the market. And Colorado Springs, Colorado, ranked first. 

The median residence worth in November in Colorado’s second-most populous metropolis was $489,900, with properties staying available on the market for 63 days on common, virtually 30 % longer than final yr. The record focuses on markets anticipated to have the very best sale and value development charges subsequent yr, making shopping for a house there a superb funding. Colorado Springs got here on high in that class, having the very best share of current residence gross sales year-over-year in addition to one of many highest charges of residence value will increase. 

In Colorado Springs, the median age is 36 years, and over 27 % of households have kids. The present unemployment charge is 4.5 %, and Realtor.com factors out that the town has one of many highest shares of distant or hybrid job postings in 2024 — virtually 9 %.

Situated on the foot of the Rocky Mountains, Colorado Springs provides a mix of out of doors recreation and plenty of city facilities. The town can be famously residence to the Backyard of the Gods, recognized for its wondrous crimson rock formations courting again over 300 million years.

The Miami-Fort Lauderdale-West Palm Seashore space is second on the record. The median itemizing value there may be $525,000. Realtor.com factors out that whereas the projected residence gross sales and value development charge is the second highest, first-time consumers in search of a house in Miami also needs to contemplate the price of dwelling within the area, which is 11.5 % increased than the nationwide common. The town is the least reasonably priced place to dwell out of all the highest 10 markets, with residents spending over 40 % of their earnings on housing prices.

And Virginia’s Virginia Seashore metro space snatched the No. 3 spot of the highest housing markets in 2025. It has a median residence itemizing value of $389,900. Virginia’s largest metropolis has been getting loads of consideration these days. U.S. Information ranked it probably the greatest locations to dwell for high quality of life and low price of dwelling, whereas Area of interest.com ranked its college system the nineteenth finest within the nation.

Total, the South and the West dominate Realtor.com’s record with all 10 high markets positioned in these areas. The bulk are in Texas, Florida, and Virginia, with probably the most reasonably priced market being McAllen in Texas, which, at $270,000, has the bottom median residence value as of November 2024.

You’ll be able to learn the whole report and its findings on realtor.com.