Summer heat sets in across Northeast housing markets

The Northeast continues to command a disproportionate share of the nation’s hottest housing markets, with four of the top five metros located in New England or New York, according to the latest weekly HousingWire Data.Rochester, N.Y.; Hartford, Conn.; Grand Rapids, Mich.; Boston, Mass.; and Buffalo, N.Y., ranked as the nation’s five hottest single-family housing markets for the week ending Aug. 7.Agents told HousingWire that buyers continue to compete for well-priced homes despite affordability pressures.“We’re still seeing homes priced or homes selling for at or slightly over asking price, and prices increasing up slightly,” said Andrew Veneziano, broker associate at Boston-based REMAX Andrew Realty Services. “I think condos and single-families are a couple percentage points up from last year, but the inventory is down, which is interesting.” Colleen Collier, an agent with Buffalo-based REMAX Plus, described a similar dynamic. “There’s been multiple offers coming, selling over asking price, people relocating to the area and kind of rediscovering the Buffalo-western New York market,” she said, “They’re searching for that big city feel without the traffic and congestion of being in ...