You might expect the country’s hottest housing market to be somewhere balmy — perhaps Florida or the Carolinas. But it’s actually Irondequoit, New York, a suburb of Rochester that’s home to about 50,000 people.
A report published Dec. 23 by Redfin found that Irondequoit is the most competitive housing market in the U.S., with homes in this lakeside town typically selling in just 8.5 days for well over asking price (1). That price — just under $250,000 — is also appealing to buyers.
Nationwide, the typical home for sale is on the market for more than two months (2) and the median selling price has been just over $410,000, according to the Federal Reserve Bank of St. Louis (3)…