20 cities with the hottest housing markets this summer

If you want to buy a home, then you probably shouldn't spend your summer days idly lying on a beach or at the pool. For 2017, increasing temperatures are coinciding with a scorching hot housing market.

"This upward trend continues very strongly with unemployment down and job creation rising," said Sean Conlon, of CONLON/Christie's International Real Estate in Chicago. "The younger, college-educated generation is relocating to the urban areas, and we are seeing a reverse of trends in which... millennials seem to want to own homes as much as previous generations did."

To help you find the right location for your next home, GOBankingRates determined the 20 housing markets that will be the hottest this summer. Various factors sourced from Zillow were taken into consideration — including profitability, home value projections, inventory data, population and the state of the local job market — to determine the health and sustainability of each market.

Click through to see which cities have the hottest housing markets

Methodology: Cities were ranked according to three factors: 1) Percentage of homes sold for gain as of April 2017, sourced from Zillow; 2) Percentage of homes with increasing values as of April 2017, sourced from Zillow; 3) For sale inventory as a percentage of the city population as of April 2017, sourced from Zillow and Sperling's Best Places; and 4) Zillow's Market Health Index. These four factors contributed to a final score that determined each city's ranking.

This article originally appeared on GOBankingRates.com: 20 Cities With the Hottest Housing Markets This Summer

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