An East Coast state boasts three of Americas hottest real estate markets despite turmoil in the industry.
Connecticut pulled in three cities on Realtor.coms Hottest Markets list for October - with Hartford, New Haven and Norwich ranking third, 15th, and 16th.
With the Constitution State being settled between major metropolitans - New York and Boston - it makes it an appealing place to live with excellent schools and stunning green spaces.
Both Hartford and New Haven have an average home price of $400,000, while Norwich is priced slightly higher at $471,000, according to the outlet.
A fellow East Coast state that also has three cities on the list is Massachusetts.
Springfield, Worchester, and Boston-Cambridge made the list, with average home prices between $385,000 to $837,000, according to Realtor.com.
Connecticut pulled in three cities on Realtor.coms Hottest Markets list for the month of October with Hartford, New Haven, and Norwich (pictured) ranking third, 15th, and 16th.
With the Constitution State being settled between major metropolitans - New York and Boston - it makes it an appealing place to live with excellent schools and stunning green spaces (pictured: Hartford)
This Boston-adjacent metro has been red-hot since March 2021, ranking among the top 3 markets each month for more than three years, Realtor.com Senior Economic Research Analyst, Hannah Jones, said.
The Midwest, especially Ohio, also did well for the hottest markets in October, with Rockford, Illinois; Akron, Canton, and Toledo in Ohio; Racine and Milwaukee-Waukesha in Wisconsin all making the list.
Midwest markets, such as the lists markets in Ohio and Illinois, appeal to todays buyers because of their affordability in light of todays still-high home prices and upper-6 percent mortgage rates, Jones said.
Home prices rank much lower in the Midwest, with the lowest price in Ohio being $228,000 in Akron, the lowest average on the list.
Despite mega metropolises still struggling under the weight of inflation, the New York City-New Jersey area still rise 88 spots in October to 164th, according to Realtor.com.
The New York City metro area saw the biggest jump in its hotness ranking among large U.S. metros compared to last year, Jones said.
Both Hartford and New Haven (pictured) have an average home price of $400,000, while Norwich is priced slightly higher at $471,000
Though the area has seen relatively strong demand and a quickening market pace over the last few months, it has still not broken into the top half of markets, in terms of hotness rank, ever in the datas history.
However, this month is New Yorks hottest ranking since May 2018.
The South - known for its cheapness - is still on the list, but two South cities have fallen more than 100 spots lower, according to the outlet.
Tampa, Florida, and Asheville, North Carolina, used to be COVID-19 hotspots, but have since fallen 124 and 117 spots, respectively, in October, Realtor.com said. However, both areas were recently devastated by hurricanes.
The rate at which homes are being snapped up are also going quicker in October, with an average of 35 days on the market, compared to the national average of 58 days, Realtor.com said.
High demand and scarce inventory conditions drive views-per-property higher, upping the competition for homes in the hottest markets and leading to snappier home sales, Jones said.