The U.S. residential real estate market is experiencing a gradual recovery, with specific neighborhoods gaining popularity. Economists at Realtor.com identified the most viewed neighborhoods in January, noting a national spread from California to Connecticut. Insights suggest affordable options are appealing to buyers, particularly in the South, where inventory is high and price growth is slowing. Woodmont, CT, emerged as the top neighborhood, attracting significant attention due to its coastal charm and accessible pricing for properties; this trend reflects changing preferences among homebuyers in the current market.
The more affordable neighborhoods near the top of the list likely draw buyer attention for their low home prices and considerable bang for your buck.
Many of the most popular neighborhoods are in the South, a region that boasts relatively high inventory levels and easing home price growth.
Woodmont pulled in significant buyer attention in January, thanks to oceanfront properties at an affordable price, appealing to NYC commuters.
Beverly Crest is situated in the South, with options that range widely in price, making it competitive in the real estate market.
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