The Hot List: 20 Markets Soaring in September

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DAILY REAL ESTATE NEWS | FRIDAY, SEPTEMBER 30, 2016

 

September is shaping up to be the hottest fall in the last decade, according to realtor.com®’s latest housing report. Homes for sale in September are moving 4 percent more quickly than last year, despite prices zooming to record highs.

The median home price was $250,000 in September, about 9 percent higher than a year ago and marking a new high for September, realtor.com® reports.

“The fundamental trends we have been seeing all year remain solidly in place as we enter the slower time of the year,” says Jonathan Smoke, realtor.com’s chief economist. A shortage of homes for sale on the market mixed with high demand is triggering price increases across many markets, he says.

So, which housing markets in September stood out the most? Realtor.com®’s data team factored in the number of days homes are spending on the market and the number of views that listings received at its site.

They pinpoints these cities as the hottest real estate markets in the nation in September — those in which inventories are moving 23 to 43 days more quickly than the national average, and listings are garnering 1.4 to 3.7 more views.

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

Source: “The Hottest U.S. Real Estate Markets for September 2016,” realtor.com® (Sept. 29, 2016)

About The Alfriend Group

Kyle Alfriend has been selling and marketing homes for over 20 years, successfully selling and buying homes in a variety of market conditions. He has sold over 1,200 homes, totaling over $250 million in homes sales. In Dublin, he has sold more homes that anyone ever. He has represented the areas largest builders, built his own homes, and owns and manages several investment properties. He has been awarded the "Top 10 M.A.M.E. Award (Major Achievements in Marketing Excellence) by the building and Realtor associations every year since 1993. He believes that everyone deserves the very best in knowledge, experience, and integrity when buying or selling their home. The Alfriend Group was started 5 years ago as a real estate team of professionals, specializing in buying/selling homes, property management, and real estate investments. For more information, call us today at (614) 395-1776.

folder_openCentral Ohio Real Estate, Columbus Ohio, Real Estate News

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