Housing is sizzling in the last few weeks before the end of summer. According to Realtor.com®, it’s the “hottest August in a decade” for real estate.
Homes are selling 2 percent more quickly than a year ago and prices are reaching new highs. The median home was listed for $250,000 on realtor.com®, which is 8 percent higher than a year ago.
Realtor.com®’s research team did its annual check up on housing markets across the country to identify which metros are seeing homes sell the fastest and garnering the most listing views (based on realtor.com® traffic).
New cities added to its list this month included Kennewick, Wash., and Waco, Texas. Detroit also notably moved up in the rankings this month, up four spots to land in the top 10.
Here are the 20 real estate markets that topped realtor.com®’s list in August:
- Vallejo, Calif.
- Dallas
- Denver
- San Francisco
- Stockton, Calif.
- San Diego
- Columbus, Ohio
- Waco, Texas
- Detroit
- Sacramento, Calif.
- Fort Wayne, Ind.
- Yuba City, Calif.
- Modesto, Calif.
- San Jose, Calif.
- Fresno, Calif.
- Colorado Springs, Colo.
- Santa Cruz, Calif.
- Kennewick, Wash.
- Santa Rosa, Calif.
- Nashville, Tenn.
http://realtormag.realtor.org/daily-news/2016/08/25/month-s-20-hottest-housing-markets
Vallejo is #1? It must be on the hot list because of everyone wanting to leave.
San Diego should be #1 on every one of these lists.
Did you know that we have a lot of pilots and flight attendants who live here? Why? Because they have been to every other town in the world, and know there’s no better living anywhere!
Yuba City, Beale must be hiring a lot of drone pilots.
I love that the chief economist for realtor.com is Jonathan Smoke.