The Gainesville, Georgia, metropolitan area is the hottest housing market, according to Bankrate’s Housing Heat Index study.
A release from Bankrate this month shows Gainesville on top of their list, which ranked both the top 212 and top 50 metropolitan statistical areas by population based on 1-year home appreciation, 1-year job growth, and population growth, as well as lowest number of active residential listings per thousand people, listings’ median days on the market, and low unemployment rates.
The index measures a metro area’s housing availability and competitiveness to indicate “market hotness.”
Following Gainesville in the top five metropolitan areas for hottest housing markets were Knoxville (TN), Fort Meyers (FL), Sarasota (FL) and Charlotte (N.C.)
For a complete look at the Bankrate Index Study, click here.