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Housing Market in Latest WSJ/Realtor.com Rankings

In addition to the Naples metro area, which also includes the towns of Immokalee and Marco Island, three other areas on Florida’s Gulf Coast landed within the top 10 of the luxury segment of the most recent index. 

Sarasota, Florida, which also includes North Port and Bradenton, took the second spot on the list, while Cape Coral and Fort Myers, about 42 miles north of Naples, ranked fifth. The Tampa, St. Petersburg and Clearwater area, just north of Sarasota, was 10th.

The Vero Beach and Sebastian region, located on the Atlantic Ocean in central Florida, was the only destination on the East Coast of the Sunshine State to show up in the top 10, although Port St. Lucie, about 32 miles south, was 13th. Based on housing data from December and other economic measures from the fourth quarter of 2021, the index looks at a number of indicators to rank hot U.S. housing markets. Those include growth in housing supply and demand; median listing prices; unemployment; wages; a cost of living measure; small businesses; local property taxes; amenities and the share of foreign-born residents—who contribute to the economic vitality and diversity of the area. metasports