How Hot is Hot in These Top Markets? Hot Spots for Fall Sales

Are you up on the latest in real estate trends that could spice up your sales? Realtor.com data for early fall shows sellers still have a hot advantage, but it’s cooling slightly in favor of buyers. What else is registering on the thermometer?

Like a heat wave!
Though typically this time of year inventory and demand peak with the start of the school year, this fall’s inventory is continuing to grow.

Feelin’ hot-hot-hot!
Overall demand is still strong, but real estate trends on median days on the market suggest the market is finding more of a balance. A boon for would-be buyers who had to chill-out on buying a home this spring and summer due to lack of inventory.

Gonna make you sweat:

• The first 3 weeks of August listings inventory grew 3% over July.

• Median list price increased ($233,000) – up 8% year over year.

• Median days on the market increased to 75 days (a shift in favor of buyers).

• The metric is down 6% year over year (translation: the market is hot).

• A 6% month-over-month gain indicates the slower movement of inventory than earlier in the spring and summer.

The hottest markets?
Inventory in these medium to large size markets is moving with 1.8-3 times more views than the national average, and selling around 29 to 48 days more quickly than homes in other markets of the U.S.:

1. San Francisco, CA
2. Dallas, TX
3. Denver, CO
4. Vallejo, CA
5. Santa Rosa, CA
6. San Jose, CA
7. San Diego, CA
8. Midland, TX
9. Sacramento, CA
10. Columbus, OH
11. Ann Arbor, MI
12. Santa Cruz, CA
13. Detroit, MI
14. Los Angeles, CA
15. Oxnard, CA
16. Stockton, CA
17. Yuba City, CA
18. Austin, TX
19. San Antonio, TX
20. Nashville, TN

We didn’t start the fire. We just spread the word. Fan the flames: Heat up your sales with the 4-1-1 on the latest real estate trends, only at Properties Online.