The 20 Hottest Housing Markets in the U.S.

Posted by Steph Kaye on Thursday, April 9th, 2015 at 1:28pm.

 Right Now

Looking to buy a house? You’d better bring your A game. High season is here, and it is without question a seller’s market. Prices are moving higher, faster, according to data available for the month of March.

“We are now firmly in the time of the year when peak demand and peak inventory levels typically occur, through spring and early summer,” said Jonathan Smoke, chief economist with Realtor.com. “Buyers should expect substantial competition, especially in the hottest markets, and for affordably priced homes within most markets.”

Internet traffic of new home searches set new highs last month with over 50% more activity than in March of the previous year and 40% more searches for homes for sale.

And where were all these people searching for homes? In these, the 20 hottest markets out of the largest 200 markets in the country (based on listing views relative to the number of listings):

1Waco, TX

2New Orleans, LA

3Ann Arbor, MI

4Denver, CO

5Santa Rosa, CA

6Fort Wayne, IN

7Vallejo, CA

8San Diego, CA

9Columbus, OH

10Detroit, MI

11Manchester, NH

12Boston, MA

13Austin, TX

14Boulder, CO

15Springfield, IL

16Charleston, WV

17Pittsburgh, PA

18Tampa, FL

19College Station, TX

20Lansing, MI

New to the list are New Orleans, Austin, Pittsburgh, and Tampa—which makes sense, as all are affordable cities that are growing.

Homes are selling faster, too

The median list price for a home was $220,000 in March 2015. That’s 11% higher than a year ago and 3% higher than in February. Houses are also moving more quickly, with the median number of days on the market dropping to just 89 days. And that’s 13% lower than a year ago. Inventory, however, is growing at just 2% per month and is still down year over year. 

Of course, there’s fast and there’s real fast. In these 20 markets, homes are selling at warp speed. They have been ranked according to the median number of days homes were spending on the market in March.

1San Jose, CA (22 days)

2San Francisco, CA (26)

3Santa Rosa, CA (32)

4Denver, CO (37)

5Seattle, WA (37)

6Boulder, CO (38)

7Vallejo, CA (38)

8Los Angeles, CA (41)

9Minneapolis, MN (43)

10San Diego, CA (43)

11Santa Cruz, CA (43)

12Fargo, ND (44)

13Sioux Falls, SD (44)

14Oxnard, CA (45)

15Dallas, TX (46)

16Portland, OR (46)

17Austin, TX (48)

18Greeley, CO (48)

19Modesto, CA (48)

20Sacramento, CA (48)

New to the list this month are Denver, Seattle, and Minneapolis, some more affordable and expanding cities, as well as (again) Austin.

If you are in the market for a new house and would like information on homes for sale, or are first time home buyer not working with a Realtor and would like to schedule a consultation with a qualified Oakland County and Macomb County Realtor, please complete the Lang Premier Properties contact form to have a real estate agent contact you. Lang Premier Properties are Clawson Realtors specializing in Oakland County Real Estate. Stephanie is an agent with Lang Premier PropertiesSee what past clients have to say about Stephanie Lang.  Lang Premier Properties looks out for your best interests when you purchase a new custom luxury home. We always recommend working with an experienced luxury real estate agent when buying new luxury estate.

3 Responses to "The 20 Hottest Housing Markets in the U.S."

Julia Roberts Lists Hawiian Home for $29.9 Million wrote: [...]Links

The 20 Hottest Housing Markets in the U.S.
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Posted on Saturday, April 11th, 2015 at 3:47pm.

Tips For a Buyers Market wrote: [...] Julia Roberts Lists Hawiian Home for $29.9 Million
The 20 Hottest Housing Markets in the U.S.
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Posted on Tuesday, April 14th, 2015 at 6:52pm.

Foreclosure Rate Finally Returning to Normal wrote: [...] Julia Roberts Lists Hawiian Home for $29.9 Million
The 20 Hottest Housing Markets in the U.S.





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Posted on Saturday, April 18th, 2015 at 10:38am.

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