November’s Hot List: The Top 20 Markets

November’s Hot List: The Top 20 Markets
Article by Daily Real Estate News | November 28, 2016

nashvilletn250x271
Nashville, Tennessee

California real estate professionals are staying busy. Cities in California continue to dominate lists of the most booming housing markets in the country. But they’re not alone. Many markets across the country are seeing elevated sales this fall.

“After an eventful election, demand for real estate appears to be carrying momentum going into the holiday season,” says Javier Vivas, manager of economic research for realtor.com®. “We expect that to be put to the test, as mortgage rates sky rocket to new highs. But forecasts expect growth as we enter the new year, which should keep waves of buyers intent on entering the market.”

Inventory of homes for sale is down 5 percent in November from October, but the combo of low supply and high demand is keeping prices high, realtor.com® notes. The median list price nationwide remained at $250,000 for the fourth consecutive month, a new record for November.

Realtor.com® flagged the following 20 markets as the hottest in the country in November, where homes are selling the fastest and demand is highest (based on page views):

  1. San Francisco CA
  2. Dallas TX
  3. Vallejo CA
  4. Denver CO
  5. San Jose CA
  6. San Diego CA
  7. Stockton CA
  8. Fort Wayne IN
  9. Columbus OH
  10. Detroit MI
  11. Sacramento CA
  12. Boston MA
  13. Santa Rosa CA
  14. Fresno CA
  15. Modesto CA
  16. Billings MT
  17. Nashville TN
  18. Los Angeles CA
  19. Oxnard CA
  20. Colorado Springs CO

Source: “The 20 Hottest U.S. Real Estate Markets for November 2016,” realtor.com® (Nov. 23, 2016); REALTOR® Magazine Online, Daily Real Estate News 112816

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Author: Kenneth Bargers

REALTOR®, Tennis Player, Titans & Vols Fan, Nashvillian... learn more about me at http://www.bargers-solutions.com/about-me

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s