Housing prices are sliding nationwide, but that doesn’t mean every market is heading in reverse.
Nationwide, prices fell 4.1% year over year in April, the third straight month of declines, according to Redfin. The real estate brokerage firm found median prices sank in 45 of the 50 metro areas it analyzed.
However, some cities are defying that trend and actually recording price gains. Following are the places where home prices just keep rising.
5. St. Louis
Year-over-year change in the median home sale price in this metropolitan area: 7.8% increase as of April
If you are just starting out, consider relocating to St. Louis. It is among the “The Best U.S. Cities to Find a Starter Home.”
4. Cincinnati
Year-over-year change in the median home sale price in this metropolitan area: 8% increase as of April
Not only are prices rising in Cincinnati, but the future also looks bright: The city is a popular place among millennials.
3. Milwaukee
Year-over-year change in the median home sale price in this metropolitan area: 8.9% increase as of April
Milwaukee — and its cold winters — might not jump to mind as a retirement destination, but it has a lot to offer seniors, as we note in “15 Best-Paying Cities for Working Seniors in 2023.”
2. Allentown, Pennsylvania
Year-over-year change in the median home sale price in this metropolitan area: 8.9% increase as of April
Allentown is an overlooked and affordable gem — but you might want to think twice about retiring there. Pennsylvania is among the “The 15 Most Expensive States for Retirees in 2023.”
1. Fort Lauderdale, Florida
Year-over-year change in the median home sale price in this metropolitan area: 10.7% increase as of April
Prices are soaring in Fort Lauderdale, which has helped land the coastal community on the list of the “12 Places With More Million-Dollar Homes in 2023.”
Are you looking for a home? Stop by the Money Talks News Solutions Center and search for the best mortgage rate.
