20 Markets Ending 2015 on a High Note
Article by Daily Real Estate News | December 29, 2015
Residential real estate overall may have cooled as 2015 comes to a close, but the slowdown wasn’t evident everywhere.
Realtor.com®’s research team identified the top 20 medium-to-large markets where homes are selling the fastest and demand remains high (based on the site’s listing views). Topping the list for the second consecutive month is San Francisco, followed by San Jose.
“While California closed out our latest ranking still firmly in control of the hottest markets, the Midwest and Florida are both seeing substantial improvement,” says Jonathan Smoke, realtor.com®’s chief economist. “Pent-up demand and robust economic growth combined with limited supply will keep California tight in 2016, but more markets will challenge them as demand improves elsewhere.”
A few markets that are newcomers to realtor.com®’s list this month are Tampa, Fla.; Fort Wayne, Ind.; and Midland, Texas.
The following “hot” markets in December garnered about 1.4 to 2.9 times more views per listing than the national average at realtor.com®. Also, homes in these locales sold 29 to 51 days faster than the rest of the country.
- San Francisco
- San Jose, Calif.
- Vallejo, Calif.
- Sacramento, Calif.
- San Diego
- Santa Rosa, Calif.
- Yuba City, Calif.
- Stockton, Calif.
- Los Angeles
- Oxnard, Calif.
- Palm Bay, Fla.
- Modesto, Calif.
- Boulder, Colo.
- Tampa, Fla.
- Fort Wayne, Ind.
- Midland, Texas
Source: “The Hottest U.S. Housing Markets in December 2015,” realtor.com(R) (Dec. 28, 2015); REALTOR® Magazine Online, Daily Real Estate News 122915
Kenneth Bargers, REALTOR® | Pilkerton Realtors
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