The Housing Hot List for October


Listing prices for residential homes remained near record highs in October, according to a preliminary analysis by®. The median list price nationwide was $274,000, near the $275,000 record set in June.

One point of relief for “market-fatigued buyers” who’ve faced low inventories for the past few years is that supplies of new listings are up slightly from a year ago, says Danielle Hale,®’s chief economist. By the end of October, about 420,000 new listings will have hit the market over the entire month,® predicts.

Some housing markets are more lively than others, with California continuing to see some of the most activity.® released its “hottest market” list for October, which is based on how quickly homes are selling and the amount of clicks cities receive on listings at®.

The top 20 performing markets in October are:

  1. San Jose, Calif.
  2. Vallejo, Calif.
  3. San Francisco
  4. San Diego
  5. Boston
  6. Stockton, Calif.
  7. Sacramento, Calif.
  8. Detroit
  9. Denver
  10. Modesto, Calif.
  11. Columbus, Ohio
  12. Fresno, Calif.
  13. Dallas
  14. Nashville, Tenn.
  15. Colorado Springs, Colo.
  16. Midland, Texas
  17. Rochester, N.Y.
  18. Oxnard, Calif.
  19. Santa Cruz, Calif.
  20. Janesville, Wis.

Source: “Tight Inventory Drives High Prices, Quick Sales in the Nation’s Hottest Markets,”® (Oct. 27, 2017)

Post a Comment