Top 5 Real Estate Markets In 2013

For Sale

The economic crisis has ended by the official estimations, but the country is still reeling from its after-effects. Unemployment is high, wages are low, but the place where all they mayhem was birthed has shown great signs of recovery - that place being the housing market, where money was funneled into the bubble until it burst and took the world economy tumbling down with it. Now, home prices have begun rising again and 'SOLD' tags are being placard onto For Sale signs across the nation. Indeed, from coast to coast things are turning for the better, but it happens to be in these following five real estate markets that those SOLD tags are getting the most stick.

Reno, Nevada

Possibly hit the hardest by the housing collapse, Nevada - and Reno in particular - is experiencing a similarly potent comeback. Last year, home prices rose an impressive 31.9% in Reno compared to 2011. Likewise, prices are expected to a rise again this year according to Money Journal. In the neighborhoods in the North Valley, Reno homes are enjoying a lot of of buyer interest and we can expect further increases in home sales in those areas.

Las Vegas, Nevada

Nevada receives two spots in the top 5 for itself and it is well earned. The median sales prices for homes in Las Vegas increased by an also impressive 32.3%. That is to say, that a buyer who purchased a home for $120,000 in 2011 could have earned nearly $160,000 the next year in selling that same home, for a profit of $40,000 in only one year. The margins may have been even more astounding in the neighborhood of Summerlin where home prices range from $259,141 to $483,139.

Kansas City, Kansas

In a less rambunctious sort of city than the previous, Kansas City showed an increase of 21.3% in the average price per square foot of its homes. Here, Money Journal is projecting a less impressive, but still worthwhile increase of 8.1% in the median home sales price.

Dallas, Texas

Everything's bigger in Texas, but homes in the Lone Star State are notoriously cheap. For the cost conscious, Dallas - where the median home price is $73,000 - is an ideal city to invest in a home. Yet even with the low prices, growth is significant: Dallas enjoyed an increase of 15% last year. This isn't to say. however, that there aren't high-priced homes to buy into. In the popular neighborhoods of Preston Hollow and Oak Lawn, homes are selling from $624,179 to $995,247. The market is expected to grow again this year.

Indianapolis, Indiana

Perhaps the most impressive growth appeared in the city of Indianapolis, where the median home sales price soared an amazing 48.6%. A flip of a home in the attractive neighborhoods Devington and Pine Ridge Estates could yield a gigantic return. Money Journal estimates the real estate market in Indianapolis to again bring generous growth.

Sold

It is tremendously assuring to witness the prodigious return of the real estate market that had suffered so dearly, particularly in these five cities that have thrived in such a way. For people looking to buy in Reno or Dallas or Indianapolis, now might indeed be the best time to turn SALE to SOLD.