As the year comes to a close, the residential market is going through its typical seasonal slowdown.
But despite the holiday cool down, these markets are still shining through as the 20 hottest markets in the nation, with San Francisco once again landing the title of the hottest housing market in America, the latest report from realtor.com said.
Right now, there is less demand, reduced inventory and slower market velocity in most markets.
However, while supply is moving slowly, it is still faster than last year, with days on the market is down 7% y/y.
On a similar note, the report found that the median list price in December is also down slightly from November. While this is consistent with the season, the decline is not as dramatic with prices stronger than usual in December.
Here are the 20 hottest housing markets in December
20. Midland, Texas
19. Fort Wayne, Indiana
18. Tampa-St. Petersburg-Clearwater, Florida
17. Boulder, Colorado
16. Detroit-Warren-Dearborn, Michigan
15. Modesto, California
14. Palm Bay-Melbourne-Titusville, Florida
13. Nashville-Davidson-Murfreesboro-Franklin, Tennessee
12. Oxnard-Thousand Oaks-Ventura, California
11. Los Angeles-Long Beach-Anaheim, California
10. Stockton-Lodi, California
9. Yuba City, California
8. Santa Rosa, California
7. Denver-Aurora-Lakewood, Colorado
6. San Diego-Carlsbad, California
5. Sacramento-Roseville-Arden-Arcade, California
4. Dallas-Fort Worth-Arlington, Texas
3. Vallejo-Fairfield, California
2. San Jose-Sunnyvale-Santa Clara, California
1. San Francisco-Oakland-Hayward, California
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed
310.453.1965 Cell: 310.633.4742 Fax: 310.756.1233
“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”