The 20 Hottest Housing Markets for May 2016

DAILY REAL ESTATE NEWS | FRIDAY, MAY 27, 2016

California continues to dominate the list of the hottest housing markets in the country, but a few surprises are sneaking in this month. Realtor.com®’s list ranks the busiest and most in-demand real estate markets in medium-to-large metro areas.

Read more: Existing-Home Sales Up, Despite Challenges

Notably, Colorado – with Denver and Colorado Springs – is maintaining a strong hold within the top 20 list while Detroit and Ann Arbor in Michigan re-emerged this month.

“It’s a very affordable market now, benefiting from economic growth and a bit of renaissance,” says Jonathan Smoke, realtor.com®’s chief economist.

Taking into account median days on the market and listing views on realtor.com®, the real estate site reports the following 20 real estate markets are the ones to watch right now:  

1. Vallejo, Calif.
2. San Francisco
3. Denver
4. Santa Rosa, Calif.
5. Stockton, Calif.
6. Dallas
7. Sacramento, Calif.
8. San Diego
9. San Jose, Calif.
10. Columbus, Ohio
11. Ann Arbor, Mich.
12. Kennewick, Wash.
13. Colorado Springs, Colo.
14. Fort Wayne, Ind.
15. Santa Cruz, Calif.
16. Eureka, Calif.
17. Boston
18. Modesto, Calif.
19. Detroit
20. Raleigh, N.C.

Source: “America’s 20 Hottest Real Estate Markets for May 2016,” realtor.com® (May 26, 2016)