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Real Estate

Austin ranks No. 3 among hottest housing markets

Things are heating up.

April 26, 2023 • 
Emily Shea-Owen
A map of some of the hottest housing markets in the US.

North Carolina, Colorado, and Texas are currently home to some of the hottest markets. | Graphic by 6AM City

Austin is on fire. No need to dial 9-1-1 — we mean the housing market. Our city recently ranked No. 3 (tied with Durham, NC) on U.S. News & World Report’s list of hottest housing markets in the US. Also on the list were Denver (No. 2), Phoenix (No. 4), Charlotte (No. 6), and Las Vegas (No. 12).

“What defines hot,” you ask? U.S. News & World Report describes a hot market as one “returning to the basics of healthy demand, supply and financing options.”

To determine which cities are hot (and which are not), U.S. News based its rankings on a scoring scale of 1-100 that examined metrics of housing supply, demand, and finance indicators.

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