California housing markets are still among the top performers in the country, according to realtor.com®’s monthly rankings of the hottest housing markets. Realtor.com® ranks metros based on the most online listing views and the markets where homes are selling the fastest.
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Overall, the median home list price nationwide was $269,000 in January, 8 percent higher than a year ago. Still, list price increases have subdued somewhat in recent weeks after the double-digit increases in mid-2017 and a price peak reached $275,000 in the summer of 2017.
“A strong stock market run, new tax laws, and a government shutdown have given buyers and sellers plenty to digest as they come to terms with the new economic landscape and their personal situation,” says Javier Vivas, director of economic research at realtor.com®. “While the national picture remains largely unchanged, real estate remains more local than ever, and supply-and-demand dynamics are rapidly shifting across the country as the dust begins to settle.”
The hottest housing markets in January, according to realtor.com®, are:
- San Francisco
- San Jose, Calif.
- Vallejo, Calif.
- Colorado Springs, Colo.
- Midland, Texas
- San Diego
- Santa Rosa, Calif.
- Sacramento, Calif.
- Denver
- Stockton, Calif.
- Modesto, Calif.
- Dallas
- Fresno, Calif.
- Los Angeles
- Columbus, Ohio
- Chico, Calif.
- Oxnard, Calif.
- Santa Cruz, Calif.
- Detroit
- Boise, Idaho
Source: “The 20 Hottest Markets for Real Estate in America for January 2018,” realtor.com® (Jan. 25, 2018)
