The 20 Hottest Housing Markets This Spring
March 31, 2016
California continues to dominate the latest list of some of the busiest housing markets across the country. The Golden State boasts 13 of the 20 top markets. Some Eastern markets like Boston and Raleigh, N.C. are also making a comeback.
Read more: The 20 Hottest Housing Markets This Month
Realtor.com® identified the 20 hottest medium- to large-size housing markets for March. They analyzed the number of listing views per market (to show demand) and median days on the market (to show supply). According to their preliminary site data, housing inventory is down 2 percent year-over-year, which is making things quite competitive in many markets.
“Listings are growing as they normally do this time of the year, but because demand has been growing faster than supply, homes are selling faster,” says Jonathan Smoke, chief economist of realtor.com. “So the monthly trend is the normal seasonal pattern, but the year-over-year decline is reflective of demand being stronger than supply for more than a year, which is resulting in fewer homes available and faster-moving inventory.”
This ranking shows the 20 markets where listings are getting two to five times more views than the national average and homes are selling one to two months faster than in the rest of the country:
Source: “America’s 20 Hottest Real Estate Markets in March 2016,” realtor.com® (March 30, 2016)
Updated: November 19, 2018