SmartAsset ranks health of Charlotte’s housing market – Charlotte Business Journal

Uncategorized

A new SmartAsset study ranks Charlotte’s housing market the third healthiest in North Carolina — and the 15th healthiest in the U.S.

The Durham housing market, followed by Raleigh’s, topped the state’s ranking, according to the study. Winston-Salem and Greensboro placed No. 4 and No. 5, respectively, in the state.

Durham was the only N.C. housing market in the study to rank among the top 10 healthiest on the national list, landing at No. 6.

The study used four factors to determine a healthy market: stability, affordability, fluidity, and risk of loss. It only considered cities with a population greater than 200,000.

The study saw Charlotte homeowners living in their homes for an average of 11.6 years.

Of the five N.C. housing markets covered in the study, Charlotte ranked second in ease of sale, fourth in both stability and affordability and first in risk.

Top 5 big cities in NC with healthiest housing market

DurhamRaleighCharlotteWinston-SalemGreensboro

Top 10 healthiest housing markets in the US

Buffalo, New YorkFremont, CaliforniaColorado Springs, ColoradoSan Jose, CaliforniaSeattleDurhamAurora, ColoradoMesa, ArizonaDenverPittsburgh

Source: SmartAsset

Source Article