Markets with the Most Rapid Home Sales

Markets with the Most Rapid Home Sales
realtor.com   article by Daily Real Estate News | March 13, 2018

House 1034In some markets, homes are selling at record speeds. Realtor.com®’s research team scoured the listing data to find which markets are seeing the quickest sales, based on the median number of days on the market.

The number of days spent on the market is important for sellers and prospective buyers to know, says realtor.com®’s chief economist Danielle Hale.

“That info can give home buyers an idea of how much competition they face, how limited homes are in the market, and how quickly they need to make a decision if they find a home they like,” says Hale. For sellers, it can give them an idea of how long they may have to move elsewhere.

The median number of days on the market nationwide is dropping due to an imbalance in many places in the low supply of homes compared to high demand from buyers.

Out of the nation’s 300 largest metros, realtor.com®’s research team found that the following places saw the lowest number of days on the market for its homes for sale: (Note: realtor.com® limited its ranking to one metro per state for geographic diversity.)

  1. San Jose, CA.: 28.6 (median days on the market)
  2. Seattle, WA: 34.1
  3. Salt Lake City, UT: 38.2
  4. Denver, CO: 39.2
  5. Nashville, TN: 40.6
  6. Portland, OR: 44.3
  7. Boise, ID: 46
  8. Sioux Falls, SD: 46.8
  9. Omaha, NE: 47.2
  10. Minneapolis, MN: 47.3

Visit realtor.com® to find out where homes are lingering on the market the longest.

Source: “Where Homes Are Flying Off the Market—and Where They’re Lingering Longest,” realtor.com® (March 12, 2018); REALTOR® Magazine Online, Daily Real Estate News 031318

The Housing Hot List for October

The Housing Hot List for October
realtor.com    article by Daily Real Estate News | October 30, 2017

Nashville Union Station HotelListing 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:

  1. San Jose, California
  2. Vallejo, California
  3. San Francisco, California
  4. San Diego, California
  5. Boston, Massachusetts
  6. Stockton, California
  7. Sacramento, California
  8. Detroit, Michigan
  9. Denver, Colorado
  10. Modesto, California
  11. Columbus, Ohio
  12. Fresno, California
  13. Dallas, Texas
  14. Nashville, Tennessee
  15. Colorado Springs, Colorado
  16. Midland, Texas
  17. Rochester, New York
  18. Oxnard, California
  19. Santa Cruz, California
  20. 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


Kenneth Bargers, REALTOR® License 318311 ♦ Pilkerton Realtors License 257352
(615) 512-9836 cellular ♦ (615) 371-2474 office
kb@bargers-solutions.com emailkb@kennethbargers.realtor email
www.bargers-solutions..com webkennethbargers.com blog
2 Cadillac Drive, Brentwood, Tennessee 37027 address

10 Cities That Have Changed the Most

10 Cities That Have Changed the Most
Article by Daily Real Estate News | October 23, 2017

Nashville MusicCityCenter
Music City Center, Nashville TN

The city of Austin, Texas, has been named the “most changed” in the country over the last decade, with the most dynamic transformations to its housing market, incomes, crime rates, and economy compared to any other large U.S. metro, according to a new analysis by MagnifyMoney, a subsidiary of LendingTree. In fact, several Texas cities topped the list of most evolved economies and housing markets in the last 10 years.

MagnifyMoney analyzed data from 2006 to 2016 for the 50 largest cities, factoring in commute times, incomes, housing prices, crime rates, and building permits, among other items. “Change isn’t necessarily a good or bad thing,” MagnifyMoney notes in a report on its findings. “Big growth in commute times and rents can be negative, but they can also be a function of positive developments like job and income growth. Similarly, places without as much change could be more attractive to people working their way up the salary ladder or those who are retired and living on fixed incomes, offering more affordable housing and less congestion.”

The following cities topped MagnifyMoney’s list as seeing the most dramatic change over the past 10 years:

  1. Austin, Texas
  2. Dallas-Fort Worth, Texas
  3. Houston, Texas
  4. Nashville, Tennessee
  5. Portland, Oregon
  6. Denver, Colorado
  7. Raleigh, North Carolina
  8. San Antonio, Texas
  9. Charlotte, North Carolina
  10. San Jose, California

Other cities have stayed virtually the same over the past decade, with Birmingham, Ala., being the least changed—falling on the bottom of MagnifyMoney’s list of 50 most changed cities. These metros rounded out the bottom five: Milwaukee (number 49), New Orleans (number 48), Buffalo, N.Y. (number 47), and Indianapolis (number 46).

See if your city ranked at the top or bottom of the “most changed” in the nation.

Source: “This Place Sure Has Changed: Which Cities Have Changed the Most?” MagnifyMoney.com (Oct. 19, 2017); REALTOR® Magazine Online, Daily Real Estate News 102317


Kenneth Bargers, REALTOR® License 318311 ♦ Pilkerton Realtors License 257352
(615) 512-9836 cellular ♦ (615) 371-2474 office
kb@bargers-solutions.com emailkb@kennethbargers.realtor email
www.bargers-solutions..com webkennethbargers.com blog
2 Cadillac Drive, Brentwood, Tennessee 37027 address

20 Markets with Strongest Kickoff to 2017

20 Markets with Strongest Kickoff to 2017
realtor.com | January 26, 2017

nashvillesky175x200The time it has taken for homes to sell nationwide in January has decreased at a rate of 4 percent compared to a year ago, despite record-high housing prices, according to realtor.com®’s latest housing report.

“We saw evidence of a stronger-than-normal off season starting last September and October due to pent-up demand and surging interest from first-time buyers,” says realtor.com® chief economist Jonathan Smoke. “The downside to this strong off season is that we have started 2017 with a new low volume of available homes for sale and a new high for prices.”

Listing inventories are down 11 percent in January compared to a year ago. Also, the median list price for the month is an estimated $250,000 — 10 percent higher than January 2015, realtor.com® notes. Nevertheless, “the threat of rates approaching multiyear highs in the months ahead is creating a sense of urgency [among buyers],” Smoke says.

The following are the top-performing markets this month:

  1. San Francisco
  2. San Jose
  3. Vallejo
  4. Dallas
  5. San Diego
  6. Sacramento
  7. Yuba City
  8. Denver
  9. Stockton
  10. Fresno
  11. Oxnard
  12. Columbus
  13. Colorado Springs
  14. Nashville
  15. Detroit
  16. Modesto
  17. Los Angeles
  18. Tampa
  19. Santa Rosa
  20. Fort Wayne

Source: “The 20 Hottest Markets for U.S. Real Estate in January 2017,” realtor.com® (Jan. 26, 2017); REALTOR® Magazine Online, Daily Real Estate News 012617

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

Where Homes Sold the Fastest This Winter

Where Homes Sold the Fastest This Winter
National Association of REALTORS® | January 25, 2017

nashvilleskyline175x233Homes across the country are selling faster than they were a year ago. Nationwide, properties stayed on the market for an average of 52 days in December, down from a 58-day average a year ago, the National Association of REALTORS® reported in its latest housing report Tuesday. Thirty-seven percent of homes sold in December were on the market for less than a month.

The following five metro areas had listings that stayed on the market the shortest amount of time in December, according to inventory data from realtor.com®:

  1. San Jose-Sunnyvale-Santa Clara, California: 49 days
  2. San Francisco-Oakland-Hayward, California: 50 days
  3. Nashville-Davidson-Murfreesboro-Franklin, Tennessee: 50 days
  4. Billings, Montana: 51 days
  5. Hanford-Corcoran, California: 51 days

Source: National Association of REALTORS®; REALTOR® Magazine Online, Daily Real Estate News 012517

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

The Hottest Housing Markets in December

The Hottest Housing Markets in December
Article by Daily Real Estate News

parthenonathena-c-112616
Athena at the Parthenon (Nashville)

Demand among home buyers doesn’t seem to be decreasing heading into the winter months. The median list price remained the same from November to December, when usually it decreases.

The current median price reached a record high for December of $250,000, which is 9 percent higher than a year ago, according to realtor.com®’s latest housing report. Further, the median number of days that properties are staying on the market is about 88 days for December, which is five days faster than a year ago.

California cities continue to dominate some of the fastest housing markets, making up 12 of the top 20 markets. San Francisco continued to hold on to the number one spot for the fourth month in a row.

Realtor.com® analyzed markets to determine where homes are selling the fastest and buyers are checking out listings the most (based on realtor.com® views). Here are the 20 markets that topped its list for December:

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

Source: “America’s Hottest Markets for Real Estate in December,” realtor.com® (Dec. 22, 2016); REALTOR® Magazine Online, Daily Real Estate News 122216

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

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