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20 Markets With Strongest Kickoff to 2017
20 Markets With Strongest Kickoff to 2017 DAILY REAL ESTATE NEWS | THURSDAY, JANUARY 26, 2017 The time it has taken for homes to sell nationwide in January has decreased at a rate of 4 percent compared to a year ago, despite record-high housing prices, according to®'s latest housing report.
"We saw evidence of a stronger-than-normal off season starting last September and October due to pent-up demand and surging interest from first-time buyers," says® chief economist Jonathan Smoke. "The downside to this strong off season is that we have started 2017 with a new low volume of available homes for sale and a new high for prices."
Listing inventories are down 11 percent in January compared to a year ago. Also, the median list price for the month is an estimated $250,000 — 10 percent higher than January 2015,® notes. Nevertheless, "the threat of rates approaching multiyear highs in the months ahead is creating a sense of urgency [among buyers]," Smoke says.
The following are the top-performing markets this month:
San Francisco San Jose, Calif. Vallejo, Calif. Dallas San Diego Sacramento, Calif. Yuba City, Calif. Denver Stockton, Calif. Fresno, Calif. Oxnard, Calif. Columbus, Ohio Colorado Springs, Colo. Nashville, ... more

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