The Housing Hot List for October
realtor.com article by Daily Real Estate News | October 30, 2017
Listing prices for residential homes remained near record highs in October, according to a preliminary analysis by realtor.com®. The median list price nationwide was $274,000, near the $275,000 record set in June.
One point of relief for “market-fatigued buyers” who’ve faced low inventories for the past few years is that supplies of new listings are up slightly from a year ago, says Danielle Hale, realtor.com®’s chief economist. By the end of October, about 420,000 new listings will have hit the market over the entire month, realtor.com® predicts.
Some housing markets are more lively than others, with California continuing to see some of the most activity. Realtor.com® released its “hottest market” list for October, which is based on how quickly homes are selling and the amount of clicks cities receive on listings at realtor.com®.
The top 20 performing markets in October are:
- San Jose, California
- Vallejo, California
- San Francisco, California
- San Diego, California
- Boston, Massachusetts
- Stockton, California
- Sacramento, California
- Detroit, Michigan
- Denver, Colorado
- Modesto, California
- Columbus, Ohio
- Fresno, California
- Dallas, Texas
- Nashville, Tennessee
- Colorado Springs, Colorado
- Midland, Texas
- Rochester, New York
- Oxnard, California
- Santa Cruz, California
- Janesville, Wisconsin
Source: “Tight Inventory Drives High Prices, Quick Sales in the Nation’s Hottest Markets,” realtor.com® (Oct. 27, 2017); REALTOR® Magazine Online, Daily Real Estate News 103017
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