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The 20 Hottest Real Estate Markets In America For January 2018


with San Francisco grabbing the crown back from San Jose and claiming the title of hottest real estate market in the country. San Jose came in second, followed by San Francisco's gritty neighbor to the north, Vallejo. As usual, California dominated the ...


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As we near the end of the first month of the new year, it's time to take a big step back—and to take stock of the situation in real estate markets across the countryWill we see our predictions for 2018 starting to come true already? Have home buyers refreshed their determination to land a home this year? Are home prices finally slowing their reckless rise? Does the viselike grip on housing inventories in many top markets show signs of loosening up? Well, it does seem like change is in the air: After peaking at $275,000 in summer 2017, the nationwide median home list price is expected to remain relatively steady at $269,000That's 8% higher than one year ago—but in early and mid-2017 we saw double-digit price increasesNow, we're not saying that prices aren't still crazily highThey're still near historically high levels, because for-sale inventory is still quite low—and it's down 8% since January 2017But the good news is, approximately 365,000 new listings are expected to hit the market by month's end, a 3% increase over last year"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," said Javier Vivas, director of economic research at realtor.com"While the national picture remains largely unchanged, real estate remains more local than ever, and demand and supply dynamics are rapidly shifting across the country as the dust begins to settle." We're seeing both change and continuity in our monthly list of the hottest real estate markets in America, as wellThese are compiled based on the number of listing views in each major metropolitan market (including satellite cities—so the San Francisco market includes nearby Oakland and Hayward), plus the number of days homes spend on the market before being snapped up by buyersIn January, Silicon Valley's biggest sibling rivalry took another turn, with San Francisco grabbing the crown back from San Jose and claiming the title of hottest real estate market in the countrySan Jose came in second, followed by San Francisco's gritty neighbor to the north, VallejoAs usual, California dominated the ranking, with 13 out of the top 20 spotsBut there was some surprising movement, too: Chico, CA, and Midland, TX, each moved up 13 spots since December's rankingMidland cracked the top five for the first time since early 2015, while Chico hasn't seen the top 20 since April: The Hot List 1San Francisco, CA2San Jose, CA3Vallejo, CA4Colorado Springs, CO5Midland, TX6San Diego, CA7Santa Rosa, CA8.Sacramento, CA9Denver, CO10Stockton, CA11Modesto, CA12Dallas, TX13Fresno, CA14Los Angeles, CA15Columbus, OH16Chico, CA17Oxnard, CA18Santa Cruz, CA19Detroit, MI20Boise City, ID Written by Cicely Wedgeworth This article, "The 20 Hottest Markets for Real Estate in America for January 2018" appeared first on Real Estate News and Insights from realtor.comImage Credit: Cosmic Timetraveler on UnsplashSubscribe Back to the Eagle Rock Patch This post is sponsored and contributed by a Patch Brand PartnerThe views expressed in this post are the author's own. 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Feature your event on Patch now Featured Events Feb 10 Remodeling Done Right: A Cost Guide + Add your event on PatchFeb5See More Events Near You > Real Estate NearbySelect a Listing TypeNewly ListedOpen HousesForeclosuresRentals 1828 Woodrow AveLos Angeles, California 90041 For Sale: $650,0002 bd/1 full ba, 978 sqft More Info 2317 Hill DrEagle Rock, California 90041 For Sale: $1,385,0003 bd/2 full ba, 2,031 sqft More Info 949 Dexter StLos Angeles, California 90042 For Sale: $995,0004 bd/3 full ba, 1,665 sqft More Info 3663 Kinney StLos Angeles, California 90065 For Sale: $1,295,0003 bd/2 full ba, 2,085 sqft More Info 716 Fischer StGlendale, California 91205 For Sale: $1,549,0007 bd/6 full ba, 3,231 sqft More Info 949 Dexter StLos Angeles, California 90042 For Sale: $995,0004 bd/3 full ba, 1,665 sqft More Info 3663 Kinney StLos Angeles, California 90065 For Sale: $1,295,0003 bd/2 full ba, 2,085 sqft More Info 1431 N Avenue 57Los Angeles, California 90042 For Sale: $1,125,0005 bd/3 full ba, 2,771 sqft More Info 428 Lewis StLos Angeles, California 90042 For Sale: $779,0002 bd/1 full ba, 1,203 sqft More Info 834 N Avenue 63Los Angeles, California 90042 For Sale: $698,0002 bd/1 full ba, 1,076 sqft More Info We could not find any nearby foreclosures, but here are a few nearby homes for sale: 1828 Woodrow AveLos Angeles, California 90041 Foreclosure: $650,0002 bd/1 full ba, 978 sqft More Info 2317 Hill DrEagle Rock, California 90041 Foreclosure: $1,385,0003 bd/2 full ba, 2,031 sqft More Info 949 Dexter StLos Angeles, California 90042 Foreclosure: $995,0004 bd/3 full ba, 1,665 sqft More Info 3663 Kinney StLos Angeles, California 90065 Foreclosure: $1,295,0003 bd/2 full ba, 2,085 sqft More Info 716 Fischer StGlendale, California 91205 Foreclosure: $1,549,0007 bd/6 full ba, 3,231 sqft More Info 5345 Raphael StLos Angeles, California 90042 Rent: $2,3502 bd/2 full ba, 888 sqft More Info 1131 N Avenue 56Los Angeles, California 90042 Rent: $2,3952 bd/1 full ba, 800 sqft More Info 121 Sinclair Ave Unit 227Glendale, California 91206 Rent: $2,5003 bd/3 full ba, 1,133 sqft More Info 5916 5 Annan WayLos Angeles, California 90042 Rent: $1,9001 bd/1 full ba More Info 2220 Las Colinas AveLos Angeles, California 90041 Rent: $1,7501 bd/1 full ba More Info Nearby PatchesHighland Park-Mount Washington South Pasadena Echo Park-Silver Lake Pasadena La Cañada Flintridge San Marino TopicsArts & Entertainment Bulletin Board Business Community Corner Health & Fitness Home & Garden Jobs Kids & Family Local Deals & Classifieds Local Voices Obituaries Police & Fire Politics & Government Real Estate Schools Seasonal & Holidays Sports Weather Corporate InfoAbout Patch Careers PartnershipsAdvertise on Patch SupportFAQs Contact Patch View All Patches Patch Network Terms of Use Privacy Policy © 2018 Patch MediaAll Rights Reserved. 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