These 19 CA Cities Are Among The 'Hottest' Housing Markets In The U.S.
The new list from Realtor includes several California metro areas as the most popular real estate buys. The Sacramento metro area, California's highest ranking, came in at No. 39 in the nation with a 78.26 "hotness" score, according to Realtor.com. The rankings were based on March 2024 real estate data for 300 U.S. cities and metro areas. The Sacramento-Roseville-Arden-Arcade metro area is a "slightly hot" market, with median days on the market being 36 days, with inventory moving 15 percent faster than last year and 14 days faster than overall U.N. cities. Other top 10 spots included Nashua, New Hampshire, and Rochester, New York. California's major metro areas made the top 150, with San Diego-Carlsbad at No 64 and San Francisco-Oakland-Hayward at No 77. The Los Angeles-Long Beach-Anaheim area was off the top list at No 155.
Publicerad : 11 månader sedan förbi Maggie Fusek i Finance
The Sacramento metro area took home the state's highest ranking, at No. 39 in the nation with a 78.26 "hotness" score, according to the site. "The Realtor.com Market Hotness Index exposes how local areas are experiencing fast-moving supply and rising demand," experts explained. "Using proprietary insights on buyer activity and the most comprehensive data on active inventory, the analysis breaks down demand and supply dynamics to rank metro areas, counties and ZIP codes relative to the rest of the country."
The rankings were determined using March 2024 real estate data — the latest available — for 300 U.S. cities and metro areas. The total number of views each listing gets online is also used as an indicator of demand. Meanwhile, supply is measured by the median amount of days a home spends on the market in that given city.
The Sacramento-Roseville-Arden-Arcade metro area is a "slightly hot" market that is "cooling down" compared to last month, and "heating up slightly" compared to last year, according to Realtor.com's market analysis. Median days on the market is 36 days, with inventory moving 15 percent faster than last year and 14 days faster than U.S. cities overall. Properties in the area receive an average number of views 1.5 times higher than the U.S. average. At No. 40, Santa Rosa is a "slightly hot" market that is "heating up" compared to last month, and "heating up" compared to last year, the site's market analysis said. Median days on the market is 35 days, with inventory moving 31 percent faster than last year and 15 days faster than U.S. cities overall. Properties in the area receive an average number of views 1.4 times higher than the U.S. average.
Nashua, New Hampshire took the top spot in the country, followed by Rochester, New York. See the full list of Realtor.com's hottest markets in the nation here.
Some of California's major metro areas made the top 150 as well, with San Diego-Carlsbad at No. 64 and San Francisco-Oakland-Hayward at No. 77. The Los Angeles-Long Beach-Anaheim area was off the top 150 list at No. 155, while the Riverside-San Bernardino-Ontario area came in at No. 228 — the lowest "hotness" rank compared to the state's other metros.
The full California list is included below, along with their Realtor.com hotness scores: 41. Modesto (tied with Cincinnati OH IN KY metro ), hotness score of 77.42 (down)