Home prices are escalating as the real estate industry rolls through its busiest season for buying and selling, according to realtor.com®. The median list price for all housing types
pushed above $250,000 for the first time ever in May, according to the National Association of REALTORS®, and realtor.com® predicts it will reach $275,000 by the end of June.
“The housing market has now gone 24 months in a row seeing inventory drop on a yearly basis—the longest streak in over two decades,” says Javier Vivas, manager of economic research at realtor.com®. The site’s research team pinpointed the nation’s largest metro areas with the most buyer activity based on the number of listings clicked on at realtor.com® and where homes are selling the fastest.
The top-performing cities this month are:
- Vallejo, Calif.
- San Francisco
- Kennewick, Wash.
- Sacramento, Calif.
- Columbus, Ohio
- Detroit
- Boston
- Colorado Springs, Colo.
- San Jose, Calif.
- San Diego
- Dallas
- Waco, Texas
- Grand Rapids, Mich.
- Stockton, Calif.
- Midland, Texas
- Fort Wayne, Ind.
- Santa Rosa, Calif.
- Denver
- Yuba City, Calif.
- Modesto, Calif.
Source: “America’s 20 Hottest Real Estate Markets for June 2017,” realtor.com® (June 29, 2017)
