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

#1 Seattle

#5 Renton

#7 Federal Way

#12 Kent

#20 Bellevue

Source: WalletHub
The areas with darker shades are ranked higher in Real Estate Market Rank.

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…”

View Full Report on WalletHub