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It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
compiled a list of cities with the fastest-growing home prices in Midland, TX metro area using data from . Cities are ranked by 1-year price change as of June 2022. The charts in this story were created automatically using . The typical home value in the United States increased over the last year by +20.9% to $334,141. All 3 cities and towns with data available were included in the list.
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