Florida has made the top 10 in Zillow’s list of states with the most valuable housing markets.
The list ranks the total market value of residential real estate by state. The report cites the record-fast value growth and the record number of newly built homes for increasing the total market value of residential real estate in the U.S.
California topped the list at an untouchable $9.52 trillion as of December
Florida took the No. 2 spot with its housing market valued at $3.63 trillion, up from $3.01 trillion at the end of 2021 and slightly down from last July’s $3.67 trillion.
The Sunshine State was followed by New York at $3.32 trillion, Texas at $3.16 trillion and Washington and New Jersey at $1.63 trillion each. The next five states with the most valuable markets were Massachusetts ($1.58 trillion), Pennsylvania ($1.48 trillion), North Carolina ($1.34 trillion) and Virginia ($1.28 trillion).