From Reading-Berks Association of REALTORS
Photo courtesy of Clay Banks on Unsplash
Reading, one of the real estate market areas served by members of the Reading-Berks Association of REALTORS, ranked No. 10 on the Spring 2025 Housing Market Ranking issued jointly by The Wall Street Journal and Realtor.com. Click here for the joint release.
According to information from The Wall Street Journal and Realtor.com, “The ranking highlights in-demand markets that offer a lower cost of living in or near economic hotspots. The ranking analyzes key housing market data, economic vitality, and lifestyle metrics to surface emerging housing markets that offer a high quality of life and are expected to see future home price appreciation.”
Joining Reading on The Top 10 Spring 2025 Housing Market Ranking are:
- Toledo, OH
- Manchester-Nashua, NH
- Rockford, IL
- Springfield, MA
- Canton-Massillon, OH
- Akron, OH
- Harrisburg-Carlisle, PA
- Hartford, CT
- Milwaukee-Waukesha, WI
- Reading, PA
According to the jointly issued report, the index methodology looks at:
The ranking evaluates the 200 most populous core-based statistical areas, as measured by the U.S. Census Bureau, and defined by July 2023 delineation standards for eight indicators across two broad categories: real estate market (60%) and economic health and quality of life (40%). Each market is ranked on a scale of 0 to 100 according to the category indicators, and the overall result is based on the weighted sum of these rankings. The real estate market category indicators are: real estate demand (15%), based on average pageviews per property; real estate supply (15%), based on median days on market for real estate listings; median listing price trend (15%), based on annual price growth over the quarter; property taxes (10%); and climate risk to properties (10%). The economic and quality of life category indicators are: unemployment (5%); wages (5%); regional price parities (5%); the share of foreign born (5%); small businesses (5%); amenities (10%), measured as the average number of stores per specific “everyday splurge” category (coffee, upscale/specialty grocery, home improvement, fitness) per capita in an area; and commute time (5%).
The post Reading Ranked No. 10 on the WSJ/Realtor.com Spring 2025 Housing Market Ranking appeared first on BCTV.
Source: bctv
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