20 of the Hottest Real Estate Markets for August 2016
Summer vacations are winding down and fall is in the air! The temperature may be the only thing cooling down this August. According to realtor.com, the market has not been this hot in over a decade! The hottest real estate markets topping the chart in the nation indicate prices are reaching new highs and homes are selling in fewer days on the market than this time last year. It appears that the housing market has certainly rebounded and the end of summer is not slowing down the momentum.
The California Bay Area continues to rank among the most popular cities to live on the list again this month. Leading for the fourth month in a row is Vallejo, CA. Vallejo is the largest city in Solano County and the tenth most populous city in the San Francisco Bay Area. Located on the northeastern shore of San Pablo Bay it’s no wonder Vallejo is number one on the list. To see the full list of homes in this market, the team of professionals at Intempus Realty is here to help you. Visit our website to begin browsing.
San Francisco, remains fourth this month. The hill city on the tip of a peninsula surrounded by the Pacific Ocean and San Francisco Bay is known for its iconic Golden Gate Bridge, cable cars and colorful Victorian houses which everyone dreams of owning. Intempus Realty can help make those dreams come true! Browse the bay area homes today.
Up one from last month, San Jose is number 15 on the list for August. Surrounded by rolling hills in Silicon Valley, a major technology hub in California’s Bay Area makes this market quite popular for the techies. To make your home or investment purchasing easier visit our website.
The number 19 spot on our list is Santa Rosa, CA. Santa Rosa is the county seat of Sonoma County. Santa Rosa is the largest city in California’s beautiful North Bay area and apparently the hot spot where everyone wants to locate. Our goal at Intempus Realty is to arm with you as much information as possible. Begin today by visiting our website.
Realtor.com sites that the median home price was $250,000 this month which was 8% higher than this time last year. Particularly strong in August was realtor.com‘s traffic growth which surpassed their record high set in July. Buying interests have been unprecedented. With the end of summer and the beginning of the school year approaching, realtor.com reports some drop off in buying interest which means that this is a great time for frustrated buyers still searching the market. The fall season offers less competition for them as they look for their perfect home.
Realtor.com has carefully analyzed their data to determine the 20 most popular real estate markets in the country. In gauging the supply of homes for sale, they looked at the median number of days homes spent on the market and the number of listing views per market. Homes on this hot list had plenty of interest from potential buyers and sold quickly. California remains the hottest state with 11 cities on the list. Two new cities were added to the list in August at realtor.com. Things may be cooling down with the change of seasons but the market remains on fire!
Listed below are realtor.com‘s Hottest 20 Real Estate Markets in the nation for 2016.
Vallejo, CA 1
Dallas, TX 2
Denver, CO 3
San Francisco, CA 4
Stockton, CA 5
San Diego, CA 7
Columbus, OH 6
Waco, TX 8 New to list
Detroit, MI 9
Sacramento, CA 10
Fort Wayne, IN 11
Yuba City, CA 12
Modesto, CA 13
San Jose, CA 14
Fresno, CA 15
Colorado Springs, CO 16
Santa Cruz, CA 17
Kennewick, WA 18 New to list
Santa Rosa, CA 19
Nashville, TN 20
The time is right for buyers searching the market and the professional staff at
Intempus Realty can help take away any of the unneeded stress or complications in an already complicated process. We always strive to exceed our customers expectations from beginning to end. Visit us today.