Denver Lands in Top 20 Hottest Real Estate Markets... again!
The spring housing market may be off to an early start this year, especially in a handful of cities.
Nationally, buyer demand is high, despite a stubbornly low inventory of homes for-sale. This month saw list prices move up 1 percent over January, reaching $230,000. That is an 8 percent increase over a year ago, according to realtor.com®’s latest housing report.
“I would use the phrase ‘pent-up-demand’ liberally – we’re seeing it come through in the marketplace,” says Jonathan Smoke, realtor.com®’s chief economist. “The people who didn’t buy last year were frustrated because they were outbid or couldn’t find a home that met their needs. So they more or less took the holidays off, and are back with way more intensity.”
Realtor.com® pinpointed the hottest medium- to large-markets nationwide. Listings in these 20 places were viewed two to five times more often on realtor.com® than the national average, and homes are sold 44 to 78 more days quickly.
- San Francisco, Calif.
- San Jose, Calif.
- Dallas, Texas
- Denver, Colo.
- Vallejo, Calif.
- San Diego, Calif.
- Santa Cruz, Calif.
- Santa Rosa, Calif.
- Stockton, Calif.
- Oxnard, Calif.
- Sacramento, Calif.
- Los Angeles, Calif.
- Boulder, Colo.
- Modesto, Calif.
- Eureka, Calif.
- Portland, Ore.
- Nashville, Tenn.
- Colorado Springs, Colo.
- Palm Bay, Fla.
- Tampa, Fla.
