Realtors Expect These Neighborhoods to Sell Big in 2020

Housing markets vary from community to community and from year to year. While some areas of the country are expected to see a slight decline in home sales in 2020, others are looking forward to a brisker pace of sales as well as higher home prices. Read on to learn about next year's hottest housing markets, and to find out whether your neighborhood is one of them.

A Healthy Outlook

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Best real estate markets in 2020

Communities with robust housing markets all have a few things in common: a solid economic outlook, strong home sales in recent years, and an ample supply of entry-level houses. According to Realtor.com, the official site of the National Association of Realtors (NAR), these indicators, coupled with continued low mortgage interest rates, will create some truly hot housing markets this year.

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Downtown and suburban Memphis, Tennessee

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Memphis, Tennessee real estate market 2020

Strong job growth, no city income tax, and a constant demand for new homes lead real estate analysts from NAR to predict that Memphis will see a 3 percent increase in home values and a 0.1 percent increase in sales. The strongest sales are expected to be in East Memphis, the bustling downtown area, and the suburbs of Lakeland and Arlington.

Related: 10 Things You Never Knew Your Real Estate Agent Can Do for You

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Charleston-North Charleston, South Carolina

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Charleston-North Charleston, South Carolina real estate in 2020

While Realtor.com predicts an overall 1.8 percent decline in home sales nationwide in 2020, Charleston-North Charleston in South Carolina is poised to see a 1.2 percent increase in the number of home sales and a 0.8 percent increase in home prices year over year. Some of the hottest spots will include the Cane Bay Plantation development and neighborhoods to the north of North Charleston in Berkeley County.

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Winston-Salem, North Carolina

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Winston-Salem, North Carolina real estate 2020

House sales saw an upswing in Winston-Salem in 2019, and Realtors expect that trend to continue, with a 3.6 percent increase in the number of sales and a 0.5 percent increase in prices. Demand for housing is high in the city, and contractors are working around the clock to increase the supply of entry-level homes, which should attract more first-time buyers and grow the economy.

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Colorado Springs, Colorado

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Colorado Springs, Colorado real estate 2020

With a view of Pikes Peak and a reputation for promoting healthy lifestyles, Colorado Springs has long been a popular place to settle down. While Realtor.com expects the number of house sales to drop off slightly, losing about 1.4 percent, it also predicts home sales prices will increase as much as 6.3 percent, making the city a lucrative spot for sellers and investors.

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Rochester, New York

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Rochester, New York real estate 2020

Located on the shore of Lake Ontario and home to the Rochester Institute of Technology, Rochester, New York, has something new to brag about—its downtown has just undergone a revitalization that’s drawing new businesses and residents to the city. Home sales are expected to increase by a healthy 4.7 percent, and sales prices are predicted to rise by 0.4 percent. Rochester’s housing outlook may be rosy for years to come.

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Columbia, South Carolina

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Columbia, South Carolina real estate 2020

Much of the state of South Carolina is experiencing strong economic growth, and nowhere is that more apparent than in Columbia, where home sales have been consistently rising over the past few years. Realtor.com expects a slight drop in prices (of about 0.2 percent), but predicts a strong 5.5 percent increase in the number of sales, which will create a robust housing market. First-time home buyers will have a strong supply of entry-level homes to choose from.

Related: 8 Red Flags to Look For in a Real Estate Listing

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Metropolitan Chattanooga, Tennessee-Georgia

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Chattanooga real estate 2020

Spilling over the border of Tennessee into Georgia, and strategically well positioned on the banks of the Tennessee River, Chattanooga boasts a brand-new riverfront development and widespread community revitalization. This large-scale face-lift is attracting new businesses, spurring job growth, and boosting home sales. Residents can expect the number of home sales to increase by 2 percent, accompanied by an increase of 3.6 percent in sales prices.

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Tucson, Arizona

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Tucson, Arizona real estate 2020

Houses are in high demand in Tucson, where a booming economy is attracting major corporations, such as Caterpillar, creating a bounty of new jobs and leading to an influx of new residents. House prices are expected to rise 3.3 percent in 2020, and home sales are anticipated to increase by a healthy 3.4 percent, making Tucson a bright spot in the nation’s housing market.

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McAllen-Edinburg-Mission, Texas

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McAllen-Edinburg-Mission, Texas real estate 2020

The Texas communities of McAllen, Edinburg, and Mission have grown so much that they're growing together. Homes are selling like hotcakes in this southern Texas community that has a lively retail center and is home to the University of Texas Rio Grande Valley. Realtor.com predicts sales to climb an additional 4.4 percent in 2020, and sales prices are expected to increase 4 percent, making this border community a top prospect for home sales in the coming year.

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Boise, Idaho

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Boise, Idaho real estate 2020

With one of the highest job growth rates in the nation, Boise is attracting new residents on a continual basis, and builders are working overtime to provide enough housing. Home sales are expected to increase a modest 0.3 percent, but sales prices are set to jump an incredible 8.1 percent in 2020, which puts Boise in first place as the potentially hottest housing market in the nation in 2020.

Related: Buyer Beware: 9 Real Estate Scams to Watch Out For

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