20 Markets With Strongest Kickoff to 2017
Cicely Wedgeworth | January 26, 2017
The time it has taken for homes to sell nationwide in January has decreased at a rate of 4 percent compared to a year ago, despite record-high housing prices, according to realtor.com®'s latest housing report. "We saw evidence of a stronger-than-normal off season starting last September and October due to pent-up demand and surging interest from first-time buyers," says realtor.com® chief economist Jonathan Smoke. "The downside to this strong off season is that we have started 2017 with a new low volume of available homes for sale and a new high for prices." Listing inventories are down 11 percent in January compared to a year ago. Also, the median list price for the month is an estimated $250,000 — 10 percent higher than January 2015, realtor.com® notes. Nevertheless, "the threat of rates approaching multiyear highs in the months ahead is creating a sense of urgency [among buyers]," Smoke says. The following are the top-performing markets this month: San Francisco San Jose, Calif. Vallejo, Calif. Dallas San Diego Sacramento, Calif. Yuba City, Calif. Denver Stockton, Calif. Fresno, Calif. Oxnard, Calif. Columbus, Ohio Colorado Springs, Colo. Nashville, Tenn. Detroit Modesto, Calif. Los Angeles Tampa, Fla. Santa Rosa, Calif. Fort Wayne, Ind.