Most popular housing markets among prospective homebuyers in April - Business Insider

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People aren't looking to buy in big cities — the 20 hottest metro housing markets in April proves it

During the deadliest month of the coronavirus pandemic, prospective buyers leaned toward certain US housing markets.found April's 20 hottest metro areas for potential homebuyers, measuring where listings were being viewed the most and where homes were spending the least amount of time on the market. The report considered the 40 largest US metro areas.

"In April's rankings, just 4 of the 20 hottest markets saw a year-over-year improvement in days on market compared to March, when all 20 were moving faster. Moreover, April saw 15 of the top 20 markets decline in views per property compared to last year; in March there were just three markets seeing declines," the report reads.

One group of sellers expected to make a big splash in the 2020 market was the Baby Boomers, largely at or nearing retirement age and likely to list their homes. However, Realtor.com predicted that those who are already holding onto properties will be more inclined to keep them off the market for another year until the market normalizes.

 

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