The top 10 most sought-after real estate markets are currently located in the Midwest, with five of them being situated in this region.

In July 2024, Realtor.com published a report on the top housing markets for this month.

Based on two aspects of the housing market, the real estate site ranked 300 metro areas.

1. Market demand, as measured by unique views per property on Realtor.com
2. The number of days a listing remains active on Realtor.com measures the pace of the market.

The top 10 hottest housing markets, according to Realtor.com's report, are all located in the Northeast and Midwest.

Despite nationwide stability in prices, the hottest markets experienced significant growth due to high demand and limited inventory, according to the report.

Since February 2022, the report has shown a trend of people moving from major cities to Midwest and Northeast metros.

Oshkosh, Wisconsin has the nation's hottest housing market

Oshkosh, a midwestern city, was ranked No. 1 on Realtor.com's list. The site reports that the median list price of homes in Oshkosh is $374,000. In July, the city received 3.7 times more views per property than the national average.

Although mortgage rates increased in 2022 and home prices remained elevated nationwide, the Midwest experienced a surge in demand from buyers.

Hannah Jones, senior economic research analyst at Realtor.com, stated that Oshkosh provides affordability in a picturesque environment.

In July, the number of listings in Oshkosh increased by 24.2% year-over-year, while there were 72.8% fewer homes for sale compared to the pre-pandemic period.

This month, Oshkosh was ranked first due to the difference between inventory and buyer demand, as stated by Jones.

The clothing brand OshKosh B'Gosh, which is also a major employer in the area, is located in Oshkosh, which is situated along the shores of Lake Winnebago.

The 10 hottest housing markets in the U.S.

1. Oshkosh, Wis.
2. Hartford, Conn.
3. Manchester, N.H.
4. Rockford, Ill.
5. Akron, Ohio
6. Monroe, Mich.
7. New Haven, Conn.
8. Rochester, N.Y.
9. Janesville, Wis.
10. Providence, R.I.

Hartford, Connecticut, ranks as the second hottest housing market, with listings receiving 4.3 times more views than the national average. The average home in Hartford costs $444,000, according to Realtor.com.

As of January 2024, Creditnews Research's March report revealed that Hartford, Connecticut, had the highest demand for housing.

The metro area's median "days-to-pending" decreased from 52 days in January 2020 to eight days, resulting in an 84.62% drop, which was the largest percentage decline among all metros in the study. Additionally, the state experienced the second-largest decline in per-capita housing inventory (-67.20%) since 2020.

In 2023, Hartford was one of Realtor.com's top 10 markets of the year. This city is renowned as the world's insurance capital because it houses the headquarters of over 100 insurance companies.

To become more successful and confident with your money, enroll in CNBC Make It's new online course. Our expert instructors will guide you in mastering your money and discovering practical strategies to boost your savings, reduce debt, and grow your wealth. Start your journey to financial freedom today with a 30% discount using the coupon code EARLYBIRD until September 2, 2024.

Sign up for CNBC Make It's newsletter to receive expert advice on work, money, and life.