The Hottest Housing Markets in December

Demand among home buyers doesn’t seem to be decreasing heading into the winter months. The median list price remained the same from November to December, when usually it decreases.

Read more: 10 Housing Markets to Envy in 2017

The current median price reached a record high for December of $250,000, which is 9 percent higher than a year ago, according to realtor.com®’s latest housing report. Further, the median number of days that properties are staying on the market is about 88 days for December, which is five days faster than a year ago.

California cities continue to dominate some of the fastest housing markets, making up 12 of the top 20 markets. San Francisco continued to hold on to the number one spot for the fourth month in a row. 

Realtor.com® analyzed markets to determine where homes are selling the fastest and buyers are checking out listings the most (based on realtor.com® views). Here are the 20 markets that topped its list for December:

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

Source: “America’s Hottest Markets for Real Estate in December,” realtor.com® (Dec. 22, 2016)

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