ROCKFORD, Ill. (WTVO) — Rockford has been named the third-best metro area in the United States for homebuyers, according to a recent ConsumerAffairs report analyzing housing market competitiveness across 200 cities.
The ranking places Rockford among the top five hottest housing markets in the country, based on metrics such as time on market, percentage of homes sold above list price, and frequency of price cuts. The city’s strong performance reflects a fast-moving market where homes are selling quickly and often at or above asking price.
While many parts of the country are experiencing a cooling trend, Rockford’s housing market remains active. Homes in the area are spending fewer days on the market, and sellers are seeing minimal need to reduce prices. This level of demand has helped Rockford stand out nationally, especially as buyers in other regions face longer wait times and more negotiating room…