Buyers are eyeing the Midwest, where, compared to the coasts, there are more practical prices, according to the latest ranking by realtor.com®. July’s hottest housing markets, based on days on market and online views, were:
1. Midland, Texas
Age of Inventory (Median): 29 days
2. Fort Wayne, Ind.
Age of Inventory (Median): 34 days
3. Boise City, Idaho
Age of Inventory (Median): 34 days
4. San Francisco-Oakland-Hayward, Calif.
Age of Inventory (Median): 30 days
5. Columbus, Ohio
Age of Inventory (Median): 37 days
6. Colorado Springs, Colo.
Age of Inventory (Median): 32 days
7. Detroit-Warren-Dearborn, Mich.
Age of Inventory (Median): 38 days
8. Racine, Wis.
Age of Inventory (Median): 39 days
9. Vallejo-Fairfield, Calif.
Age of Inventory (Median): 36 days
10. Rochester, N.Y.
Age of Inventory (Median): 40 days
11. Sacramento-Roseville-Arden-Arcade, Calif.
Age of Inventory (Median): 37 days
12. Janesville-Beloit, Wis.
Age of Inventory (Median): 40 days
13. Boston-Cambridge-Newton, Mass.-N.H.
Age of Inventory (Median): 41 days
14. Dallas-Fort Worth-Arlington, Texas
Age of Inventory (Median): 39 days
15. Pueblo, Colo.
Age of Inventory (Median): 40 days
16. Buffalo-Cheektowaga-Niagara Falls, N.Y.
Age of Inventory (Median): 40 days
17. Stockton-Lodi, Calif.
Age of Inventory (Median): 37 days
18. Fresno, Calif.
Age of Inventory (Median): 41 days
19. Odessa, Texas
Age of Inventory (Median): 42 days
20. Grand Rapids-Wyoming, Mich.
Age of Inventory (Median): 37 days
Many markets are in the Midwest, where the combined median price is below the average nationally, according to realtor.com.
“With the median home list price hovering at a record level, affordable markets are very attractive for buyers, which is contributing to the popularity of many Midwestern markets,” says Danielle Hale, chief economist at realtor.com®. “Although construction is increasing in many regions, inventory remains scarce due to strong buyer demand and years of underbuilding. Even these affordable markets run the risk of what we’ve seen elsewhere if they aren’t able to keep pace with new construction.”
For more information, please visit www.realtor.com.
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