California Dethroned as Hottest Housing Market

California does not dominate realtor.com®’s hottest housing markets list for this month—the first time in years. Each month, realtor.com® ranks the top metro areas where homes sell the fastest and where home buyers are searching the most for listings at its site.

California has continually dominated the rankings. In March, the Golden State had 11 of the top 20 markets. But in April, that number shrank to just six. It’s the lowest number of California cities to make the rankings since 2013, the year realtor.com® began doing its monthly “hot market” tracking lists.

This month, San Francisco dropped from its number-one spot to number three, as Midland, Texas, jumped from number five to the top spot in the rankings.

Nine other states were represented in realtor.com®’s April rankings: Texas, Massachusetts, New York, Michigan, Colorado, Washington, Ohio, Idaho, and Wisconsin.

The markets on realtor.com®’s hottest housing list see homes sell, on average, 17 to 40 days faster than the rest of the U.S. The following 20 housing markets were the top performers this month, according to realtor.com®:

1. Midland, Texas
2. Boston, Mass.
3. San Francisco, Calif.
4. Columbus, Ohio
5. Vallejo, Calif.
6. Colorado Springs, Colo.
7. Racine, Wis.
8. Sacramento, Calif.
9. Stockton, Calif.
10. Ann Arbor, Mich.
11. San Jose, Calif.
12. Rochester, N.Y.
13. Spokane, Wash.
14. Boise City, Idaho
15. Santa Cruz, Calif.
16. Detroit, Mich.
17. Odessa, Texas
18. Dallas, Texas
19. Buffalo, N.Y.
20. Worcester, Mass.

Source: “The Hottest Markets for U.S. Real Estate: Is California’s Reign Over?” realtor.com® (April 26, 2018)