The 20 Hottest Real Estate Markets
With inventories at record lows and home prices edging higher Realtor.com recently put out a list of the 20 hottest markets so far this summer. They looked at the nation’s biggest metro markets to determine which are buzzing with activity – in particular the number of listings at their time on the market. Red-hot California shamelessly dominates the list; however there are seven cities in the Midwest—including Grand Rapids, Michigan at number 13.
“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,” said Javier Vivas, manager of economic research at realtor.com, in a statement. The shortage is hitting even more markets, he added—8 out of every 10 have fewer homes for sale now than this time last year.