Inventory shortages continue to help home prices break record highs, according to an analysis by Realtor.com®. “Never in history have there been more eyes on fewer homes than today,” says Javier Vivas, Realtor.com’s director of economic research. “The price gains observed in the last days of March tell us the market is on pace to see half of the homes listed above $300,000 this summer. This means buyers are not just having to pay more for the same home—they’re also seeing the mix of what’s available change more rapidly.”
Listing prices zoomed to a median of $280,000 in March, surpassing last summer’s high of $275,000 in July 2017. March’s listing prices also mark an 8 percent increase year over year. Of the 100 largest markets in the country, 36 are seeing homes sell at least a week faster than a year ago.
Realtor.com®’s “hot list” for March reflects the metros garnering the most listing views on the site, as well as those where homes spend the fewest days on the market. California continues to dominate the list however, Columbus, Ohio remains in the top 10 markets in the country. The hottest markets in March break down as follows:
- San Francisco
- Vallejo, Calif.
- Colorado Springs, Colo.
- San Jose, Calif.
- Midland, Texas
- Santa Cruz, Calif.
- Boston
- Stockton, Calif.
- Columbus, Ohio
- Sacramento, Calif.
- Denver
- Chico, Calif.
- Boise City, Idaho
- San Diego
- Modesto, Calif.
For information on the local housing market check out our Monthly Columbus and Central Ohio Housing Reports.
The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in; Bexley 43209 Columbus 43201 43206 43214 43215 Delaware 43015 Dublin 43016 43017 Gahanna 43219 43230 Grandview Heights 43212 Hilliard 43026 Lewis Center 43035 Marysville 43040 43041 New Albany 43054 Pickerington 43147 Powell 43065 Upper Arlington 43220 43221 Westerville 43081 43082 Worthington 43235
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