Home buyer demand is rising, and the number of days that homes are on the market is quickly shrinking. California markets continue to see the most traction, but some areas in the Midwest are also seeing an uptick in buyer interest.
Read more: Buyer Cheat Sheet for a Seller's Market
“The Midwest region is representative of the status of the broader U.S. recovery,” says Jonathan Smoke, realtor.com®’s chief economist. “When Columbus, Ohio, is the 10th hottest market in the country, you know that the Midwest – and the U.S. overall – is back and doing well.”
Realtor.com®’s research team pinpointed the markets where homes are selling the fastest and where demand is highest (as measured by listing views on realtor.com®). In the nation’s 20 hottest housing markets, listings are receiving two to three times the number of views per listing compared to the national average. Also, inventory is selling 17 to 45 days more quickly than the rest of the nation.
Source: “America’s 20 Hottest Markets for Real Estate in April 2016,” realtor.com®