SAN DIEGO (FOX 5/KUSI) – Some California cities are facing rapidly evolving supply and growing demand in the housing market, according to a popular real estate website.
In fact, 19 Golden State cities made Realtor.com’s list of “hottest real estate markets” in 2024, including two areas in San Diego County.
The rankings are based on “proprietary insights into shopper activity and the most comprehensive data on active inventory,” the site explained. The analysis also “breaks down demand and supply dynamics to rank metro areas, counties and zip codes relative to the rest of the country.”
To further explain the methodology, Realtor.com examines listing views by markets as an indicator of demand and median days on market as an indicator of supply. A total of 300 cities were listed.
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That said, here is a breakdown of the California cities that are considered to be among the “hottest real estate markets” in the country as of March 2024, based on this analysis:
– Ranked #39: Sacramento-Roseville-Arden-Arcade Metro
– Ranked 40th: Santa Rosa
– Ranked #41: Modesto (tied with Cincinnati, OH.)
– Ranked 51st: Santa Cruz-Watsonville metro
– Ranked #53: Oxford-Thousand Oaks-Ventura Metro
– Ranked #63: Visalia-Porterville Metro
– Ranked #64: San Diego-Carlsbad Metro
– Ranked #74: Stockton-Lodi Metro (tied with Scranton-Wilkes-Barre-Hazelton, PA Metro.)
– Ranked #77: San Francisco-Oakland-Hayward Metro (tied with York-Hanover, PA Metro)
– Ranked 86th: Fresno
– Ranked #87: Vallejo-Fairfield Metro
– Ranked #88: Yuba City
– Ranked 90th: Salinas
– Ranked 92nd: Santa Maria-Santa Bárbara metro
– Ranked #100: San Jose-Sunnyvale-Santa Clara Metro
– Ranked 114th: San Luis Obispo-Paso Robles-Arroyo Grande Metro (tied with Indianapolis-Carmel-Anderson, IN Metro.)
– Ranked 126th: Merced (tied with Richmond, VA)
– Ranked 139th.
– Ranked 146th: Bakersfield
– Ranked #155: Los-Angeles-Long Beach-Anaheim Metro
– Ranked 212th: Chico (tied with New York-Newark-Jersey City, NY. Metro)
– Ranked 228th: Riverside-San Bernardino-Ontario Metro
The “hottest real estate market” in the US, according to the Realtor.com index, is Manchester-Nashua, NH, followed by Rochester, NY and then Springfield, MA.
The complete classification can be found here.
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