Griffin Capital president Randy Anderson discusses why he thinks real estate is a good investment right now.
Looking for the hottest real estate markets? Try heading out west.
ConstructionCoverage.com published a report on the hottest real estate markets in the U.S. on Sept. 26.
The top five markets on its list were all out west in Utah, Idaho, Washington and Oregon.
In the following five states, more regions of the U.S. were represented in Texas, Tennessee, Michigan and Nebraska.
To calculate its findings, ConstructionCoverage.com used real estate market statistics from Zillow.
The website looked at only the 150 largest metropolitan areas in the U.S. for its report and gave each area a composite score based on four metrics.
Those metrics were: the one-year change in list price, sale-to-list price ratio, average age of inventory and projected one-year change in home value.
CLICK HERE TO READ MORE ON FOX BUSINESS
To see which cities made it to the top, here are the top five hottest real estate markets, according to ConstructionCoverage.com.
5. Salem, Ore.
Salem, Ore., (pictured) is the fifth-hottest real estate market this year, according to ConstructionCoverage.com. According to the website, the city is more affordable than Portland and Seattle, with a median list price of $319,213. (iStock)
4. Salt Lake City, Utah
Salt Lake City, Utah, (pictured) is the fourth-hottest real estate market, with a median list price of $373,754. (iStock)
3. Spokane, Wash.
Spokane, Wash., (pictured) has a median list price of $270,500, and took third place in ConstructionCoverage.com's hottest real estate markets. (iStock)
2. Boise, Idaho
Boise, Idaho, (pictured) has a median list price of $323,633 and has the second-hottest real estate market this year. (iStock)
1. Ogden, Utah
Ogden, Utah, (pictured) has the hottest real estate market in 2019, according to ConstructionCoverage.com. (iStock)
GET FOX BUSINESS ON THE GO BY CLICKING HERE