Hottest 20 Housing Markets for early 2016

By
Real Estate Agent with Kanam Realty Group/Kanam Commercial 0611757

Although homebuying in January followed the seasonal trend, with fewer homes on the market and slow sales movement, the housing market is expected to pick up heading into the spring homebuying season. 

 

According to Realtor.com chief economist Johnathan Smoke, their initial readings on January “affirm the positive growth we expect to see in the residential real estate market in 2016.”

 

“Our traffic, searches and listing views exhibited the January ‘pop’ we saw last year, which made for a strong spring. In addition, a large number of prospective buyers have been telling us since the second half of 2015 that they plan to purchase in the spring and summer of 2016,” Smoke added.

 

Realtor.com noted in the report that the median age of inventory is now 100 days, which means it’s taking homes 6% longer to sell in January than in December. This is still 4% faster when compared with January 2015.

 

The median listing price for January is estimated at $227,000, remaining virtually flat over December, but still up 8% year over year, the report said.

Here are the 20 hottest housing markets in January 2016:

 

20. Fort Wayne, Indiana

19. Tampa, Florida

18. Santa Cruz, California

17. Midland, Texas

16. Detroit, Michigan

15. Modesto, California

14. Yuba City, California

13. Palm Bay, Florida

12. Oxnard, California

11. Santa Rosa, California

10. Los Angeles, California

9. Denver, Colorado

8. Stockton, California

7. Nashville, Tennessee

6. Sacramento, California

5. San Diego, California

4. Vallejo, California

3. Dallas, Texas

2. San Jose, California

1. San Francisco, California

 

Sources: Realtor.com, Housingwire, Metrotex Dallas

 

W  When you need Real Estate services in the Dallas Fort-Worth Metroplex 

 it would be my honor to assist you!    

 

POSTED BY:

         

 Shuchi Agrawal

M.S., REALTOR®, CNE, CHMS, e-Pro, SFR

    

Check out all Dallas Fort-Worth Real Estate on My Website

                    
972-689-1697 / shuchirealtor@gmail.com

 

Comments (4)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Shuchi Agrawal wow! Dallas at #3!

And many markets in CA are really hot!

Thanks for sharing this list.

Feb 08, 2016 02:58 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I pretty much agree with all of these! They seem like great markets and kind of make me want to travel!

Feb 08, 2016 03:48 PM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Good morning. Thanks for sharing this list. I know that Nashville was hot. We came in at #7.

Feb 08, 2016 05:39 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Wow, California is on fire! Sixty percent of the hottest markets are in that one state.

Feb 08, 2016 07:54 PM