A real estate website says Bethesda will have the third healthiest housing market in the U.S. in 2013, thanks in part to one of the highest job growth rates in the country.
NBC News released results from real estate analysts at Trulia.com that rank Bethesda among big cities such as Houston, San Francisco and San Antonio for “2013′s Top 10 Healthiest Housing Markets.”
Trulia took data from the Bethesda-Rockville-Frederick, MD area as defined by the U.S. Bureau of Labor Statistics. A 2.8 percent job growth rate in the first 10 months of 2012 was one of the nation’s highest and low vacancy and foreclosure rates helped rank Bethesda at No. 3:
The 2.8 percent job growth in the first 10 months of 2012 was one of the highest rates in the United States. Area home prices have been pushed upwards by limited supply: the Bethesda-Rockville-Frederick area had one of the nation’s lowest vacancy rates, at 1.2 percent in November, as well as one of its lowest foreclosure inventories, at just 2.7 homes per 1,000 units during October. Through November, the asking price per square foot for homes in the area was lower than only 14 other metro areas. Over the last year, asking prices have risen just 5.5 percent and median price per square foot was $169.15, slightly higher than Washington, D.C.
Houston came in first and San Francisco was second. San Antonio, Austin, Texas, Seattle, Omaha, Neb., Peabody, Mass., Fort Worth, Texas and Louisville, Ky., followed.