The real estate market has been wild for the past three years and Massachusetts has been no exception. From Cape Cod to Boston and all the way west to the Berkshires properties have been moving quickly with most boasting a dramatic increase in price tags.

Massachusetts consistently ranks as one of the best places to live in the United States for many reasons. Between the job and housing market, healthcare and education systems, safety, and overall high quality of life, the Bay State remains one of the most popular places to live in the country.

So we know markets across Massachusetts have been booming over this past few years, but what about right now?

This Massachusetts City Named Hottest Real Estate Market

Realtor.com just released their report of America's Hottest Markets. Springfield, Massachusetts has topped the list of the hottest real estate market in the U.S. for the fifth consecutive month. The data also shows that the Springfield area is attracting buyers at three times the rate of the national average.

 

So how does Realtor.com determine which markets are the hottest? According to a post on social media, "a market's hotness is determined by the level of demand in a given area, as measured by unique views per property online, combined with the pace at which buyers snap up available listings.

LOOK: The richest town in every state

Stacker used the Census Bureau American Community Survey Five-Year Data to identify each state's richest town based on median household income.

Gallery Credit: Stacker

More From WBEC FM