The 20 Hottest U.S. Housing Markets in October 2015 from realtor.com (Denver's #1!)
According to a recent article published on realtor.com®, Denver ranked #1 on the list of The 20 Hottest U.S. Housing Markets in October 2015.
The housing market saw little change last month, which was perhaps welcomed news after we saw sales decline in August and September.
“Monthly inventory metrics point to a strong and steady market that has moved into the slower part of the year and reflect a momentum that has shifted to now favor buyers,” says Jonathan Smoke, realtor.com®’s chief economist. “Robust year-over-year housing metrics and traffic show just how far the housing market has come in 2015.”
Jonathan Smoke also pointed out that the inventory metrics emphasize a "stable and strong" housing market that has shifted into the slower part of the year. Here’s a snapshot of those metrics from realtor.com®’s latest housing report:
- National median list price: $232,000 – holding steady from September but up 6 percent year-over-year
- Median age of inventory: 81 days – up 1 day from September but down by 3 days – or 7 percent – year-over-year
Twenty markets - including 12 in California alone - have inventory move within 30 to 47 days faster than the rest of the country. According to realtor.com®, the following markets are the 20 hottest* in the country for October.
The Hot List
- Denver, CO
- San Jose, CA
- San Francisco, CA
- Dallas, TX
- Vallejo, CA
- San Diego, CA
- Sacramento, CA
- Santa Rosa, CA
- Yuba City, CA
- Los Angeles, CA
- Stockton, CA
- Santa Cruz, CA
- Midland, TX
- Nashville, TN
- Oxnard, CA
- Detroit, MI
- Boulder, CO
- Ann Arbor, MI
- Modesto, CA
- Fort Wayne, IN
Source: realtor.org
* Markets were ranked by number of views per listing on realtor.com® as well as the median age of inventory
