King County places 5 cities in WalletHub’s top 30 real estate markets
To determine the best local real-estate markets in the United States, WalletHub compared 300 cities of varying sizes across 24 key indicators of housing-market attractiveness and economic strength.
Each metric was graded on a 100-point scale, with a score of 100 representing the healthiest housing market. Each city’s weighted average across all metrics were then determined to calculate its overall score and used the resulting scores to rank-order our sample.
King County stood out early in the Real Estate Market Ranking.
Real Estate Market Rank – Top 30
#7 Federal Way
Renton and Bellevue were also tied in fourth place, along with San Jose, for “lowest average number of days until a house is sold.” Berkeley, San Francisco, and Alexandria were the top three cities in this category.
According to WalletHub, “This year, the housing market is in a unique situation as mortgage rates have hit record lows at a time when many Americans are struggling financially due to the COVID-19 pandemic. For those who have extra cash, buying a home now could be a golden opportunity. It is important to note that home prices have been rising on average throughout the pandemic as well…”