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 in California is San Francisco, San Jose, Vallejo, Sacramento and San Diego.
“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.”
Source: “The Hottest U.S. Housing Markets in December 2015,” realtor.com(R) (Dec. 28, 2015)