Dallas will be one of the nation’s hottest housing markets in 2023, according to a recent Zillow forecast.
Zillow measured the 50 largest U.S. housing markets based on price growth, inventory, jobs and demographics to determine its rankings.
Dallas, fueled in part by its strong employment ratings, ranked No. 4 on the hottest markets list.
Signs of a cooling market showed up stronger in some cities than others, including San Jose, Sacramento, Minneapolis and Denver, the report said.
“Each of these is characterized by expected annual home value declines and slower housing market velocity – as measured by total listing days on market – than other large markets,” Zillow said.
The top 10 hottest markets in 2023, according to Zillow, are:
- Charlotte, N.C.
- Cleveland
- Pittsburgh
- Dallas
- Nashville
- Jacksonville, Florida
- Kansas City
- Miami
- Atlanta
- Philadelphia