June’s Hot List: The Top 20 Housing Markets

Home prices are escalating as the real estate industry rolls through its busiest season for buying and selling, according to realtor.com®. The median list price for all housing types pushed above $250,000 for the first time ever in May, according to the National Association of REALTORS®, and realtor.com® predicts it will reach $275,000 by the end of June. 

“The housing market has now gone 24 months in a row seeing inventory drop on a yearly basis—the longest streak in over two decades,” says Javier Vivas, manager of economic research at realtor.com®. The site’s research team pinpointed the nation’s largest metro areas with the most buyer activity based on the number of listings clicked on at realtor.com® and where homes are selling the fastest.

The top-performing cities this month are:

  1. Vallejo, Calif.
  2. San Francisco
  3. Kennewick, Wash.
  4. Sacramento, Calif.
  5. Columbus, Ohio
  6. Detroit
  7. Boston
  8. Colorado Springs, Colo.
  9. San Jose, Calif.
  10. San Diego
  11. Dallas
  12. Waco, Texas
  13. Grand Rapids, Mich.
  14. Stockton, Calif.
  15. Midland, Texas
  16. Fort Wayne, Ind.
  17. Santa Rosa, Calif.
  18. Denver
  19. Yuba City, Calif.
  20. Modesto, Calif.

Source: “America’s 20 Hottest Real Estate Markets for June 2017,” realtor.com® (June 29, 2017)

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