Phoenix is hot for more than just the obvious reason. According to realtor.com, the Phoenix area is among the top 10 suburban markets with a 6% Y/Y increase.
Top Metros With Suburbs Seeing the Largest Gains
| Rank | Metro area | Median Listing Price | Median Listing Price Change Y/Y |
|---|---|---|---|
| 1 | Columbia, SC | 240,550 | 2.60% |
| 2 | Little Rock, AR | 185,050 | 8.50% |
| 3 | Greensboro, NC | 252,755 | -1.50% |
| 4 | Tulsa, OK | 219,950 | 7.80% |
| 5 | Cape Coral, FL | 272,500 | 6.00% |
| 6 | Charleston, SC | 504,750 | 3.80% |
| 7 | Phoenix, AZ | 390,050 | 6.00% |
| 8 | Virginia Beach, VA | 360,050 | 2.60% |
| 9 | Knoxville, TN | 287,550 | 3.80% |
| 10 | New Haven, CT | 256,050 | 3.60% |