The pandemic has brought on a surge of migrations—and not just from the couch to the fridge. In fact, according to recent surveys from the Pew Research Center, a whopping 22 percent of Americans said they’d either moved or know someone who did during the pandemic. Naturally, this has caused some major shifts in U.S. housing markets, both in demand and in pricing.
Are you curious where your buyers and sellers may be headed in the new year? Here are the up-and-coming markets to have on your radar.
Salt Lake City, Utah
Demand for homes in Salt Lake City is on the rise. In fact, according to data from Redfin, a whopping 81 percent of offers faced a bidding war in September—up from 69 percent in August.
As a result, prices are surging in the Utah capital. According to realtor.com®, they’ve jumped 7.6 percent over the last year, now clocking in at a median list price of $425,000, or $235 per square foot.
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